[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18884 and 1.19460.

- Support line of 1.17020 and 1.16444.

Commentary/ Reason:

- Against the euro, the dollar traded at $1.1823 after falling 0.87% to 1-week low in the previous session.

- EUR/USD rose on dollar weakness and after the European Commission raised its Eurozone 2020 GDP estimate to -7.8% from a -8.7% estimate in July.

- The European Central Bank is widely expected to announce more stimulus next month.

- With COVID-19 raging in the U.S. and parts of Europe, many investors assume more monetary stimulus will be inevitable. Illinois, Ohio, and Utah reported record COVID-19 infections and New York’s new cases approached a 6-month high as Fed Chair Powell warned that mounting infection rates are a risk to the economic recovery. France warned of a “violent” second wave as it joined European countries including Italy and Poland in reporting new highs in daily infections.

- Expectations that a Biden win will take a slightly softer tone on trade policy is also likely to weaken the dollar.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91266 and 0.91684.

- Support line of 0.90030 and 0.89648.

Commentary/ Reason:

- The dollar at 0.9035 against the Swiss franc on Friday, falling to 1-month low of 0.90285 on earlier trade.

- The pair in cautious mood as traders braced for volatility around the U.S. presidential election result.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.32132 and 1.32977.

- Support line of 1.29401 and 1.28557.

Commentary/ Reason:

- The British pound traded at $1.3129, holding onto a hefty 1.23% gain from Thursday.

- The move came as the Bank of England is set to pump up its huge bond-buying stimulus plan to more than US$1 trillion as Britain's economy takes a fresh hit from new coronavirus lockdowns and another possible blow from a no-deal Brexit.