[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.21861 and 1.22150.

- Support line of 1.20926 and 1.20638.

Commentary/ Reason:

-  The euro is holding above the $1.21 level for the first time since 2018, last at $1.2142 on Friday.

-  The vaccine optimism also helped to boost the euro, despite the fact that there is only a week to go before the European Central Bank is expected to add more policy stimulus,

- While the ECB looks certain to increase its bond buying next week, U.S. Federal Reserve expected to tweak its guidance of its asset purchase scheme later this month.

- The euro was headed for its best week in a month on Friday and has blown past major resistance levels as investors piled into bets the U.S. dollar has further to fall as the world begins to emerge from the COVID-19 pandemic.

- Investors are looking to U.S. jobs figures due later Friday for the latest signs of the recovery losing momentum.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89581 and 0.89841.

- Support line of 0.88740 and 0.88481.

Commentary/ Reason:

- The dollar last traded at 0.8939 on Friday against the Swiss franc.

- The upbeat mood saw the U.S. dollar lose ground to other major currencies as well as riskier, less liquid ones.

- Investors are looking to U.S. jobs figures due later Friday for the latest signs of the recovery losing momentum.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.35261 and 1.35830.

- Support line of 1.33419 and 1.32580.

Commentary/ Reason:

- Sterling touched a 1-year high overnight and changed hands at $1.3446 on Friday, with traders clinging to hopes of a trade deal between the European Union and Britain.

- As talks continued to secure a Brexit deal, an EU official said an agreement was closer than ever, but a UK government source warned chances for a breakthrough were receding.

- Investors are looking to U.S. jobs figures due later on Friday for the latest signs of the recovery losing momentum, while the fate of the pound is largely in the lap of Brexit trade deal negotiators who remain locked in talks.

- Pound also added after Britain on Wednesday approved a COVID-19 vaccine developed by Pfizer and BioNTech and said it would start vaccinating those most at risk as early as next week.

GBPUSD