[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.19468 and 1.19685.

- Support line of 1.18765 and 1.18547.

Commentary/ Reason:

- The euro was up 0.10% against the dollar on Friday, at $1.1924, shying away from a more than 2-months high of $1.1941 it marked on Thursday.

- The euro has started to take into consideration of largely priced in expectations for additional ECB easing next month.

- In France and Germany, consumer confidence plunged in November under new lockdown restrictions, challenging the idea of a quick return to normal in the euro zone's two biggest economies. Also, German Chancellor Angela Merkel told parliament that lockdown measures will be in place until at least the end of December and possibly longer.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.90957 and 0.91116.

- Support line of 0.90441 and 0.90282.

Commentary/ Reason:

- The greenback continuing its slip for the week, recording a new more than 1-week low against the Swiss franc on Friday.

- Last traded at 0.9056.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.34052 and 1.34350.

- Support line of 1.33088 and 1.32790.

Commentary/ Reason:

- Sterling fetched $1.3370, up 0.11%, as it trades near a three-month high of $1.3399 touched on Thursday, as market participants look for progress on Brexit talks.

- The pound gains as U.S. dollar weakness offset some of the uncertainty about the outcome of Brexit talks. The head of the EU executive, the Commission, reported "genuine progress" on Wednesday but said the risk of Britain leaving the bloc without a deal on Dec 31 remained.

- The EU chief negotiator Michel Barnier will talk on Friday with some of the bloc’s ministers responsible for fisheries to discuss the state of play in the trade discussions with Britain.

- The three main sticking points in the Brexit talks remain fish stocks, economic fair play for companies including state aid, and ways to settle trade disputes.

GBPUSD