The euro is only headed down: Goldman Sachs

``In one year's time, the euro will be fetching just 95 cents, Goldman said... "After years of cliff-hangers, the market continues to expect a deal at the last minute, including in the aftermath of the referendum announcement. As a result, few are willing to put on euro downside, even as the odds of a deflationary shock to the Euro zone are rising," Goldman said.''