[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.1349 and 1.1419.

- Support line of 1.1146 and 1.0998.

Commentary/ Reason:

- The euro retreated to $1.1244 and dollar held firm on Thursday as an increase in coronavirus cases undermined hopes for a quick turnaround and prompted traders to cuts bets on riskier currencies.

- Stochastic and RSI oscillators entering an oversold range.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.9522 and 0.9586.

- Support line of 0.9416 and 0.9321.

Commentary/ Reason:

- Stochastic value is more than 70 indicating that the chart is becoming overvalued.

- RSI oscillator is closing into overbought range.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2601 and 1.2804.

- Support line of 1.2405 and 1.2335.

Commentary/ Reason:

- British pound also stepped back to $1.2410, nearing Support Line 1.

- Stochastic value is less than 30 indicating that the chart is entering undervalued range.

- RSI oscillator is closing toward oversold range.

- The MACD is trading above its signal line and negative.

GBPUSD