[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.21861 and 1.22150.

- Support line of 1.20926 and 1.20638.

Commentary/ Reason:

- The euro changed hands at $1.2132 on Monday, having climbed on Friday to as high as $1.21773, a level last seen in April 2018.

- The vaccine optimism helped to boost the euro.

- Despite the move, the euro is in caution on speculation that the ECB will extend its bond-buying program. According to several ECB officials, the ECB at its meeting next Thursday will likely extend the pandemic bond-buying program by a full year until the middle of 2022.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89581 and 0.89841.

- Support line of 0.88740 and 0.88481.

Commentary/ Reason:

- The dollar was steady on Monday at 0.8908 against the Swiss franc after fell to its lowest in more than two-year last week.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.35261 and 1.35830.

- Support line of 1.33419 and 1.32580.

Commentary/ Reason:

- Sterling little changed at $1.3415, stepping back from 2 1/2-year high of $1.3540 touched last week as investors looked to talks between Britain and the EU this week to avert a chaotic parting of ways at the end of the year.

- If there is no deal, a 5-year Brexit divorce will end messily just as Britain and its former EU partners grapple with the severe economic cost of the COVID-19 pandemic.

- Meanwhile, Britain is preparing to become the first country to roll out the Pfizer/BioNTech Covid-19 vaccine this week, initially making the shot available at hospitals before distributing stocks to doctors' clinics.