[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19198 and 1.19650.

- Support line of 1.17733  and 1.17280.

Commentary/ Reason:

- The euro was higher at $1.1866 on Monday.

- Though concern on a dramatic rise in new COVID-19 cases kept the euro rise in check. The number of new coronavirus cases reported weekly in Europe hit 300,000 for the first time.

- The pair continues to consolidate mid-range as neither buyers nor sellers have the desire to drive price action.  A bullish breakout may be expected after the ‘rest’ period.

- The euro zone PMI data later this week will be a key focus, with some analysts saying a strong PMI could take the common currency back to the 1.19 level versus the dollar.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91247 and 0.91458.

- Support line of 0.90825 and 0.90614.

Commentary/ Reason:

- The Swiss franc was last quoted at 0.9097 against the greenback on Asian Monday trade.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30437 and 1.31270.

- Support line of 1.27743 and 1.2691.

Commentary/ Reason:

- The pound moved to $1.2955, was up 0.30%.

- Even so, trepidation about rising coronavirus cases in Europe and Brexit turmoil kept a lid on gains.

- Britain was also reported to be considering a new national lockdown.