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.”
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