Important Levels to Watch for:

- Resistance line of 1.17911 and 1.18105.

- Support line of 1.17283  and 1.17089.

Commentary/ Reason:

- The euro firmed slightly to $1.1775.

- Euro rose on weaker-than-expected U.S.’s weekly initial unemployment claims, and a better-than-expected German trade data.

- A growing expectation of U.S. stimulus approval has also been weakening for dollar, as improving investors’ mood and their willingness to buy riskier assets such as stocks and commodity currencies.

- Resurgence in new COVID-19 cases is observed as WHO reported a record one-day increase in global coronavirus cases on Thursday, led by a surge of infections in Europe.




Important Levels to Watch for:

- Resistance line of 0.92010 and 0.92184.

- Support line of 0.91447 and 0.91272.

Commentary/ Reason:

- The dollar bought 0.9155 Swiss franc, pulled back down from 4-day high yesterday.




Important Levels to Watch for:

- Resistance line of 1.29824 and 1.30133.

- Support line of 1.28823 and 1.28513.

Commentary/ Reason:

- Sterling crept higher to $1.2954 and has held firm this week as prospects for a Brexit deal have appeared to improve.

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