[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18817 and 1.19034.

- Support line of 1.18112 and 1.17894.

Commentary/ Reason:

- The dollar was quoted at $1.1858 per euro, on course for its fourth straight session of declines.

- EUR/USD on Monday climbed to a 1-week high on dollar weakness. Though, the gains were contained on European economic concerns after the Bundesbank in its monthly economic report today said the German economy could stagnate or even contract in Q4.

- The pair is under pressure after a spike in COVID-19 infections forced the government to impose new lockdowns.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.91590 and 0.91818.

- Support line of 0.91230 and 0.90628.

Commentary/ Reason:

- The dollar little changed against the Swiss franc on Tuesday, traded last at 0.9123.

- Contrary to last week, whereby encouraging progress in coronavirus vaccine testing helped the dollar rise against the Swiss franc, this time, the advancement subdued as the U.S. struggles to contain a second wave of infections, and with vaccine distribution not expected any time soon.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.32375 and 1.32573.

- Support line of 1.31732 and 1.31533.

Commentary/ Reason:

- Sterling edged up 0.20% to $1.3220 against dollar on Tuesday trade.

- The British pound progression were on media reports that the UK could reach a post-Brexit trade agreement with the European Union by early next week.

- Even so, as Brexit talks resume, UK says its 'red lines' remain unchanged.

- The United Kingdom left the EU in January, but the sides are trying to clinch a deal that would govern nearly US$1 trillion in annual trade before transitional arrangements end on Dec 31, 2020.