[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.22825 and 1.23303.

- Support line of 1.21279 and 1.20801.

Commentary/ Reason:

- The euro strengthened 0.17% to $1.2203 on Thursday over optimism in Brexit deal.

- The dollar was on the back foot in holiday-thinned trading as hopes for the Brexit agreement that would protect some $1 trillion in annual cross-channel trade from tariffs and quotas sapped demand for the safest assets.

- While the dollar moves faltered as President Trump threaten to not approve the long-awaited stimulus bill.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89141 and 0.89388.

- Support line of 0.88341 and 0.88094.

Commentary/ Reason:

- The dollar flat on Thursday to stay at 0.8876 against the Swiss franc.

- Investors weighting to bet either to or against the currency as President Trump threaten to not approve the long-awaited stimulus bill, while the new cases of COVID-19 is surging.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.36085 and 1.36857.

- Support line of 1.33588 and 1.32905.

Commentary/ Reason:

- The British pound strengthened 0.46% to $1.35495 in the day after surging 0.9% in the previous session to snap a 3-day losing streak.

- The potential for a Brexit deal boosted sterling, while France lifted its ban on freight coming from Britain, which it had enacted in response to a more contagious coronavirus variant in Britain.

- EU member states reportedly have started to prepare their procedure to put in place a new trade deal with the UK from Jan 1, indicating a deal could be imminent.

GBPUSD