EUR/USD bearish targets from Goldman Sachs.

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Goldman Sachs maintains its targets for EUR/USD of 1.04, 1.00 and 0.95 in 3, 6 and 12 months respectively.

As per the report, the analysts believe that the currency pair will drop significantly lower driven by diverging growth and monetary policy outlooks. Although the Euro had substantially weakened during the last 18 months, Goldman Sachs expects this trend to persist in a long term.

EUR/USD was trading at 1.0980 as of 6:19 AM EST. The pair has lost more than 1.3% this week.

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