[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17605 and 1.17876.

- Support line of 1.16730  and 1.16460.

Commentary/ Reason:

- The euro last sat at $1.1704 on Friday.

- The euro fell 0.3% against the dollar overnight and has lost about 1% for the week so far as worries gather.

- The dollar was headed for gains on Friday, as surging coronavirus cases and stalled progress toward U.S. stimulus had nervous investors seeking safe assets.

- EUR/USD on Thursday tumbled to a 2-week low. Economic growth concerns weighed on EUR/USD on fears the surge in COVID-19 infections will prompt lockdowns in Europe that will derail the economic recovery.

- France on Thursday imposed a curfew in 9 of its biggest cities between 9 p.m. and 6 a.m. for four weeks starting Saturday, and Londoners will be banned from mixing with other households indoors. Also, Austria posted a record of 1,552 new infections Thursday, and Poland reported a record 8,099 new infections.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91629 and 0.91769.

- Support line of 0.91177 and 0.91037.

Commentary/ Reason:

- The dollar was last at 0.91500 against the Swiss franc.

- The USD/CHF pair has returned to a previous channel of consolidation between the 0.903 and 0.918 price levels. In the near-term, it seems likely that the pair will oscillate within this range as the most recent rally has lost steam.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30275 and 1.30813.

- Support line of 1.28532 and 1.27993.

Commentary/ Reason:

- A firmer U.S. dollar dragged on sterling, which was last trading at $1.2893, after touching a day low of $1.28940 earlier today.

- The dollar was headed for gains on Friday, as surging coronavirus cases and stalled progress toward U.S. stimulus had nervous investors seeking safe assets.

- Since overnight, sterling was heavily sold, dropping more than 0.8% to $1.2890 on concerns about the obstacles keeping the European Union and Britain from reaching a Brexit trade deal.

- Brexit talks continued as the EU put the obligation on Britain on Thursday to compromise on their new economic partnership or stand ready for trade disruptions in less than 80 days.

- Britain’s Brexit negotiator, David Frost, said on Twitter he was “disappointed.” British Prime Minister Boris Johnson will respond and set out his approach to the talks on Friday.

- London will enter a tighter COVID-19 lockdown from midnight on Friday as Prime Minister Boris Johnson seeks to tackle a swiftly accelerating second coronavirus wave.