[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17763 and 1.17971.

- Support line of 1.17088  and 1.16879.

Commentary/ Reason:

- The euro changed hands at $1.1731 on Monday.

- Investors are watching with concern as coronavirus infection rates climb in Europe and the U.S. and further stimulus from the ECB which may see the pair move higher.

- Investors awaited the upcoming vice president presidential debate on Wednesday.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92081 and 0.92277.

- Support line of 0.91448 and 0.91253.

Commentary/ Reason:

- The U.S. dollar fell 0.3% to 0.9172 Swiss franc, near a one-week low of 0.9163 it marked on Wednesday.

- The dollar fell slightly on Monday against the Swiss franc as traders jockeyed for position ahead of what could be a volatile day in global markets.

- The further direction of the pair will be determined by sentiment on the USD, as the volatility is to be expected in the near-term.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.29433 and 1.29623.

- Support line of 1.29053 and 1.28863.

Commentary/ Reason:

- The British pound last stood at $1.2940.

- Sterling steady awaited cues from final round of Brexit trade negotiations as the expiry of the transition period approached.

- British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula von der Leyen, agreed in a phone call on Saturday to step up negotiations on a post-Brexit deal.

- Johnson said on Sunday while he does not want the transition period to end without a new trade deal, he believes that Britain could live with such an outcome.

GBPUSD