[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18062 and 1.18363.

- Support line of 1.17089  and 1.16789.

Commentary/ Reason:

- The euro was last quoted at $1.1731.

- EUR/USD on Tuesday fell back from a 2-week high on dovish ECB comments and posted moderate losses.

- EUR/USD is being undercut by concern that the resurgence of COVID-19 infections throughout Europe that may force governments to re-impose lockdown measures that derail economic growth.

- Traders will look to minutes from the Fed’s most meeting on Wednesday and the ECB will release its latest meeting minutes on Thursday.

- Investors also awaited the upcoming vice president presidential debate on Wednesday.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91972 and 0.92193.

- Support line of 0.91255 and 0.91033.

Commentary/ Reason:

- The dollar bought 0.9180 Swiss franc after rising 0.3% in the previous session, pulled back from a one-week low overnight.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30067 and 1.30613.

- Support line of 1.28300 and 1.27753.

Commentary/ Reason:

- The British pound was quoted at $1.2885 on Wednesday, steadying after slipped on Tuesday as optimism about Britain’s trade negotiations with the European Union failed to shield sterling from the dollar’s advance.

- Sterling awaited cues from final round of Brexit trade negotiations as the expiry of the transition period approached at the end of the year.

GBPUSD