Important Levels to Watch for:

- Resistance line of 1.18655 and 1.18872.

- Support line of 1.17951 and 1.17734.

Commentary/ Reason:

- The euro pulled down overnight to 1.1786, and last sat at 1.1798 Friday..

- Nevertheless, the euro has gained 0.8% this week, after posted a new 1-month high Wednesday.

- EUR/USD on Thursday retreated on dollar strength, and weaker-than-expectations economic data. German Nov GfK consumer confidence fell to a 4-month low of -3.1.

- Rising COVID-19 infections in Europe also lead to the retreat.

- Germany reported a record of 12,331 new infections, France reported a record 41,622 new cases and said it would expand a curfew to more regions of the country, Italy reported a record of 16,079 new infections and Poland reported a record 12,107 new cases. Spain's Health Minister, on Thursday, said the spread of is out of control in certain parts of Spain.




Important Levels to Watch for:

- Resistance line of 0.90887 and 0.91014.

- Support line of 0.90475 and 0.90238.

Commentary/ Reason:

- The dollar was last at 0.9076 against the Swiss franc, steadying after recorded a 1-month low of 0.90304 on Wednesday.




Important Levels to Watch for:

- Resistance line of 1.31484 and 1.31793.

- Support line of 1.30483 and 1.30173.

Commentary/ Reason:

- Sterling slipped overnight on uncertainty over Brexit outlook, last stand at $1.3063 on Friday.

- Nevertheless, it is up 1.2% for the week and is clinging on above $1.30 thanks to the optimism that Britain and the European Union can reach a trade deal before a transition period ends on Dec. 31.

- Brexit trade talks are likely to continue at least into next week if the U.K. and EU fail to reach an agreement.

- Japan and Britain formally signed a trade agreement on Friday in Tokyo, marking Britain’s first big post-Brexit deal on trade.