[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19237 and 1.19718.

- Support line of 1.17678 and 1.17196.

Commentary/ Reason:

- The euro stood little changed at 1.1836, having fallen more than 0.4% overnight.

- EUR/USD fell back from a 1-3/4 month high on dovish comments from ECB Governing Council member and Bank of France Governor Villeroy de Galhau, who said that French 2020 GDP would contract between -9% and -10%, weaker than earlier projections from the BOF of -8.7% contraction.

- Another factor was as global stock markets on Monday rallied sharply, which reduced liquidity demand for the dollar. Stocks surged Monday on encouraging news that a vaccine being developed by Pfizer and BioTech.

- Investor focus will also be on sterling and the euro this week with UK-EU trade negotiations coming to a head with the EU summit on Nov. 15.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91850 and 0.92481.

- Support line of 0.89808 and 0.89177.

Commentary/ Reason:

- The dollar at 0.9120 against the Swiss franc on Tuesday, after rose 1.56% overnight.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.32209 and 1.32557.

- Support line of 1.31084 and 1.30737.

Commentary/ Reason:

- Sterling was last trading at $1.3182, up 0.15% on the day, as the focus turned to Brexit trade negotiations which could come to a head with the European Union summit on Nov 15.