[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.21396 and 1.21703.

- Support line of 1.20401 and 1.20093.

Commentary/ Reason:

- The euro at $1.2118 on Thursday, having reached its highest level since late April 2018 in the previous day’s trade.

- UR/USD on Thursday climbed to a new 2-1/2 year high. The pair rallied on stronger-than-expected Eurozone economic data, including the Eurozone Oct PPI, German Oct retail sales, and a higher German bund yield.

- The vaccine optimism also helped to boost the euro despite expectations that the European Central Bank will enhance its quantitative easing next week.

- Investors are heavily short on dollars as optimism about promising vaccine trials drives buying of riskier currencies and higher yielding assets outside the U.S.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.90124 and 0.90412.

- Support line of 0.89192 and 0.88904.

Commentary/ Reason:

- The USDCHF pair has struggled climb and latest trading showed that the dollar is now fall to its lowest in more than 5-year against the Swiss franc.

- It last traded at 0.8939 on Thursday.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.34605 and 1.35197.

- Support line of 1.32689 and 1.32097.

Commentary/ Reason:

- The British pound held near a 3-month high, added 0.20% on the day at $1.3386 after a choppy Wednesday trade as markets looked to whether Britain and the European Union can clinch a trade deal.

- The EU’s chief Brexit negotiator told member states’ envoys on Wednesday negotiations were reaching “a make-or-break moment”, and they urged him not to be rushed into an unsatisfactory agreement.

- The talks remained snagged on fishing rights in British waters, ensuring fair competition guarantees and ways to solve future disputes.

- Pound also added after Britain on Wednesday approved a COVID-19 vaccine developed by Pfizer and BioNTech and said it would start vaccinating those most at risk as early as next week.