[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18117 and 1.18471.

- Support line of 1.16970  and 1.16615.

Commentary/ Reason:

- In early Tuesday trade, the euro held firm at $1.1774, holding a 0.44% gain made on Monday.

- EUR/USD on Monday posted gains on hawkish ECB comments from ECB Governing Council member Holzmann. Another positive for EUR/USD was Monday's news that Eurozone Aug construction output rose 2.6% MoM, the fourth consecutive monthly increase.

- Broader confidence was dented by a fall in U.S. share prices as investors grew cautious about prospects of a stimulus deal in Washington.

- Concerns on the surge in COVID-19 infections in Europe and further U.S. monetary stimulus will be expected to weight on the advancement of the pair movement.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91691 and 0.92006.

- Support line of 0.90671 and 0.90356.

Commentary/ Reason:

- The dollar was last at 0.9099 against the Swiss franc

- The dollar retreated to below the 0.90 price mark, after oscillating within the range of 0.913 and 0.916 price levels for some time before.

- Broader confidence was dented by a fall in U.S. share prices as investors grew cautious about prospects of a stimulus deal in Washington.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.30286 and 1.30683.

- Support line of 1.29001 and 1.28603.

Commentary/ Reason:

- Sterling held on to small gains made the previous day at $1.2949, as hopes grew that British and European negotiators attempt to breathe life into post-Brexit trade talks that appeared all but dead last week.

- Investors still think British and European negotiators might be able to salvage post-Brexit trade talks to prevent disruptions that a no-deal finale to the five-year Brexit drama would cause.

GBPUSD