Important Levels to Watch for:

- Resistance line of 1.17247 and 1.17348.

- Support line of 1.17045  and 1.16944.

Commentary/ Reason:

- The euro slightly weaker at $1.17059.

- The pair stay just above 2-weeks low recorded last week.

-Economic growth concerns weighed on EUR/USD on fears the surge in COVID-19 infections will prompt lockdowns in Europe that will derail the economic recovery.




Important Levels to Watch for:

- Resistance line of 0.91684 and 0.91890.

- Support line of 0.91020 and 0.90814.

Commentary/ Reason:

- The dollar was last at 0.9158 against the Swiss franc.

- The USD/CHF pair has returned to a previous channel of consolidation between the 0.913 and 0.916 price levels. In the near-term, it seems likely that the pair will oscillate within this range as the most recent rally has lost steam.




Important Levels to Watch for:

- Resistance line of 1.29353 and 1.29493.

- Support line of 1.28994 and 1.28883.

Commentary/ Reason:

- The pound held its ground as investors clung to hopes for a Brexit breakthrough. Last sat at 1.2925.

- The GBP/USD pair has failed at the 1.298 trading range, as the pair begins to revert to the previous trading range between the 1.28-1.298 price levels.

- Sterling was slightly higher though it was still near the 2-week lows after UK Prime Minister Boris Johnson told businesses to get ready for a no-deal Brexit in case negotiations with the EU fail to produce a free trade agreement.

- Britain and the EU will on Monday attempt to breathe life into post-Brexit trade talks that appeared all but dead last week.

- British Prime Minister Boris Johnson said on Friday there was no point in continuing talks, and it was time to prepare for a ‘no-deal’ exit when transitional arrangements end on Dec. 31.