[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18277 and 1.18500.

- Support line of 1.17823  and 1.17664.

Commentary/ Reason:

- The euro traded at $1.1801 against the dollar.

- EUR/USD posted moderate losses on dovish ECB chief economist Lane comments.

- EUR/USD remained lower after the German Sep wholesale price index fell -1.8% y/y, the eighth consecutive month that wholesale prices have fallen year-over-year.

- 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.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91251 and 0.91414.

- Support line of 0.90721 and 0.90558.

Commentary/ Reason:

- The Swiss franc franc traded at 0.9094 to the dollar, near its highest in three weeks.

- The dollar weakened against Swiss franc, as the currency tend to have small or inverse relations with risk sentiment.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30994 and 1.30300.

- Support line of 1.30006 and 1.29700.

Commentary/ Reason:

- The pound traded at $1.305 against the dollar.

- Sterling traded above the key $1.30 level as hopes for a Brexit deal offset concerns about pressure on the economy from new coronavirus restrictions British Prime Minister Boris Johnson has announced.

- Investors are also closely watching the global resurgence in coronavirus cases after British Prime Minister Boris Johnson on Monday announced a new system of restrictions on parts of England. Lawmakers will vote on the move on Tuesday.

- British Prime Minister Boris Johnson has set a deadline of the Oct. 15 EU summit for a Brexit deal with the union.

- The PM also expected to announce new measures to tackle a growing coronavirus crisis on Monday, moving to work more closely with local leaders from England’s worst affected areas.