[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17634 and 1.18058.

- Support line of 1.16265 and 1.15842.

Commentary/ Reason:

- The euro gradually picking up to $1.1691 in Asia on Friday, after hitting a four-week low of $1.1650 in U.S. trade overnight.

- The euro dropped to a four-week low against the U.S. dollar on Thursday after the European Central Bank president flagged further monetary easing in December. The ECB said it would increase its support for the bloc’s economy amid the pandemic, thus weighing on the euro even as policy was left unchanged.

- Analysts expect an expansion and extension of the ECB’s Pandemic Emergency Purchase Programme, a lower deposit facility rate, and even more generous lending terms for banks in December.

- Alarming rate of COVID-19 new infection likely to continue to weight on the price movement. France and Germany have imposed controls almost as strict as the lockdowns of the first phase of the crisis in March and April, while Spain will be under a state of emergency until early May.

- Data due on Friday include euro zone’s Q3 GDP and October inflation, while the U.S. awaits September personal consumption and expenditures as well as Chicago PMI.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91919 and 0.92262.

- Support line of 0.90809 and 0.90466.

Commentary/ Reason:

- The dollar slightly dropped on Friday to 0.9139 against the Swiss franc, after touching a three-week peak of 0.9172 overnight.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30352 and 1.30910.

- Support line of 1.28548 and 1.27990.

Commentary/ Reason:

- The British pound was last trading at $1.2926 on Friday, after reaching a one-week low of 1.28806 overnight.

- The pound was undermined by a lack of Brexit-related headlines as London and the European Union have just two months to reach a post-Brexit trade agreement.