Goldman Sachs: EUR/USD Targets into Fed December meetings

Goldman Sachs made a forecast for EUR/USD related to Fed December meetings: "Given that the beginning of 2016 is likely to bring renewed vigour to risk-taking, we think it is perfectly possible for EUR/$ to reach 0.95 – our 12-month forecast – by end-March." Let's evaluate the situation related to this pair in long term trend forecasting for example.

• Weekly price is breaking S2 Pivot at 1.0672 for 1.0461 as the next bearish target. If this second S2 support level will be broken so the price will be ranging between S2 Pivot at 1.0672 and S3 Pivot at 0.9344.
  
• There are bearish breakdown level for the price on the way to S3 Pivot - this is 0.9524 key support level, and if this 0.9524 is broken so we may see good bearish breakdown up to S3 Pivot at 0.9344 as the next real bearish target in this case.

• if the price breaks 1.0461 support level so the primary bearish will be continuing up to 0.9524 as the next bearish target;
  
• if not so the price will be moved within pivot support levels.