[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18145 and 1.18473.

- Support line of 1.17082  and 1.16753.

Commentary/ Reason:

-  The euro was barely changed at $1.1745, holding on to a 0.6% gain from the previous session.

- EUR/USD on Tuesday retreated as a plunge in German investor weakened the euro's interest rate differentials. The weak data and dovish ECB comments weighting on investors sentiments.

- The euro is likely to extend declines, as a return of lockdown and restrictions on economic activity in Europe to battle a second wave of coronavirus infections worries investors.

- Germany reported 6,541 new infections today, the most since April 3. The Netherlands added almost 44,000 new infections last week, a new record, and Russia reported a record daily death toll from infections yesterday of 244 deaths.

-  Though moves by dollar also could be subdued as U.S. presidential election looms on Nov. 3.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91742 and 0.92017.

- Support line of 0.90852 and 0.90577.

Commentary/ Reason:

- The dollar appreciated against the Swiss franc. It was last treading water at 0.9149.

[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 $1.2919 against the dollar, steadying after nursing a 1% loss from Tuesday.

- Sterling took a hit due to worries about little progress in trade talks between Britain and the European Union and the chance the Bank of England will adopt negative interest rates.

- The tension watched after the EU demanded “substantive” movement on Tuesday on fisheries, dispute settlement and guarantees of fair competition in their talks on a post-Brexit trade deal.

- EU leaders will hold a summit in Brussels on Thursday and Friday to assess progress.

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

- The euro and British pound are likely to extend declines, as a return of restrictions on economic activity in Europe and Britain to battle a second wave of coronavirus infections unnerves investors.