Important Levels to Watch for:

- Resistance line of 1.18860 and 1.19065.

- Support line of 1.18196 and 1.17991.

Commentary/ Reason:

- The euro was holding at $1.1835, gained about 0.2%, just under its recent top of 1-month high on Wednesday of $1.1880.

- EUR/USD on Monday retreated fairly on the resurgence of COVID-19 infections and awaited response on the U.S. stimulus deal.

- Investor focus on Monday was also on the observance on the deteriorating coronavirus situation in the West, with the U.S. recently reporting a record-breaking number of new virus cases, recording its highest ever number of new COVID-19 cases in the past two days.

- Over in Europe, cases have also surged, with Reuters reporting that France registered record daily coronavirus infections, and Spain announced a state of emergency. Italy ordered bars to close early and shut public gyms in a bid to stem a resurgence in the virus.




Important Levels to Watch for:

- Resistance line of 0.90778 and 0.90945.

- Support line of 0.90238 and 0.90071.

Commentary/ Reason:

- The dollar steadying at 0.9048 against the Swiss franc on Monday.




Important Levels to Watch for:

- Resistance line of 1.31430 and 1.32063.

- Support line of 1.29383 and 1.28750.

Commentary/ Reason:

- The sterling held firm at $1.3025, as the hopes for a breakthrough in the trade-deal stalemate between Britain and Europe held the pound steady above $1.30.

- The latest trade talks between Britain and the European Union have been extended into the middle of this week, as the U.K. government indicated optimism about signing a deal.

- EU Chief Negotiator Michel Barnier will remain in London for discussions through Oct. 28, according to a British government official. Barnier initially due to leave on Sunday under the latest timetable for the negotiations.