[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.21768 and 1.22081.

- Support line of 1.20755 and 1.20441.

Commentary/ Reason:

- The euro rose to $1.2157, added 0.20% even after the European Central Bank expanded its bond buying scheme, given the move was widely expected. The central bank also lifted growth forecasts but lowered inflation projections for 2022.

- Meanwhile, the concern at surging coronavirus cases in the U.S. tempered optimism about vaccinations and fiscal support for the U.S. economy and provided a weight for dollars.

- The U.S. Congress will vote this week on a stopgap funding bill to provide more time for lawmakers to reach a deal on a bigger COVID-19 relief package.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89026 and 0.89235.

- Support line of 0.88351 and 0.88143.

Commentary/ Reason:

- The greenback was pinned with markets heavily short dollars as investors bet on better returns in other currencies as the pandemic recovery takes hold.

- The dollar slipped on Friday to stay at 0.8857 against the Swiss franc, not far from 0.8850, a 5-year low touched overnight.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.34142 and 1.34547.

- Support line of 1.32823 and 1.32427.

Commentary/ Reason:

- The British pound rose 0.23%, last stood at $1.3366 on Friday, with development of Brexit being the main catalyst for the moves. The currency has shed 1% so far this week.

- The pound retreated overnight after meeting between U.K. Prime Minister Johnson and European Commission President von der Leyen failed to reach a breakthrough in Brexit negotiations.

- The sterling took a breather after both leaders agreed that the talks will continue until Sunday when "a firm decision" will need to be taken on the future of the negotiations.

- The negotiations will end on Dec 31. If by then there is no agreement to protect around US$1 trillion in annual trade from tariffs and quotas, businesses on both sides would be hit hard.