Goldman Sachs emphasizes the need for caution regarding near-term downside for EUR/USD. Despite weak momentum, the European Central Bank is not likely to shift to a more aggressive policy stance, which may help support the euro in the short term.Key Points:Limited ECB Guidance:The ECB is expected to maintain its cautious approach and not move towards more explicit forward guidance at this week's meeting, despite the anticipated 25 basis point rate cut.High Bar for Depreciation:A one-at-a-time cutting cycle means that policymakers may require convincing data to support each subsequent cut, raising the threshold for EUR depreciation. This dynamic contributes to the euro's relative resilience t
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