[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17662 and 1.18062.

- Support line of 1.16368 and 1.15968.

Commentary/ Reason:

- The euro at $1.1734 in Asia on Thursday, recovered from the previous session, after the stronger dollar pushed the euro to a 3-month low of $1.1603 overnight.

- EUR/USD on Wednesday initially tumbled to a 3-1/4 month low as dovish ECB comments boosted the chances of additional ECB stimulus.

- The Federal Reserve, which is expected to keep policy on hold on Thursday, is also in focus as traders navigate market volatility in the wake of a knife-edge U.S. election.

- Expectations that a Biden win will take a slightly softer tone on trade policy is likely to weaken the dollar against the currencies of countries that often faced the threat of tariffs during Trump’s administration.

- Even if Biden manages to surmount the legal challenges from Trump to become the next president, Republicans look likely to retain control of the Senate and can use that to impasse Biden’s fiscal policy agenda - another complicating factor for currency traders.

- Concern about slower Eurozone economic growth also undercut the currency, as more countries implement stay-at-home measures.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91748 and 0.92004.

- Support line of 0.90920 and 0.90664.

Commentary/ Reason:

- The dollar at 0.9111 against the Swiss franc on Wednesday, hold steady on the day.

- The pair in cautious mood as traders braced for volatility around the U.S. presidential election result.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30927 and 1.31463.

- Support line of 1.29193 and 1.28657.

Commentary/ Reason:

- The British pound fell 0.2% to $1.2958 in Asia on Thursday, compared with an overnight peak of $1.3139, on reports that the Bank of England may ease policy, considering a move into negative interest rates.

- The report by The Sun newspaper also said the BoE could expand its purchase programme by 150 billion pounds to 200 billion pounds ($194 billion-$258.6 billion).

- Sterling traders continue to eye updates on Brexit trade talks.

- The pair is in cautious mood as traders braced for volatility around the U.S. presidential election result.