EUR/USD: Support and resistance levels shifted lower – OCBC

There is some room for the different majors to diverge in the immediate horizon, pending shifts in risk appetite. Analysts at OCBC Bank are negative on the EUR/USD pair.

Key quotes

“Immediate support and resistance levels shifted lower to 1.0800 and 1.0900 respectively.” 

“The EUR/USD pair may be more volatile next week, with EU Budget expansion discussions scheduled.” 

“With political headline risks ahead, expect the EUR trade in a choppy fashion with a heavy tone.”