[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.2137 and 1.21523.

- Support line of 1.20876 and 1.20723.

Commentary/ Reason:

- The euro staying firmly above $1.21, changed hands at $1.2127 on Wednesday, added 0.21% on the day.

- Concern at surging coronavirus cases in the U.S. tempered optimism about vaccinations and fiscal support for the U.S. economy and provided a sell bid for dollars.

- The U.S. Congress will vote this week on a stopgap funding bill to provide more time for lawmakers to reach a deal on a bigger COVID-19 relief package.

- Uncertainty around Brexit and around the outcome of Thursday’s ECB meeting have traders in cautious.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89158 and 0.89307.

- Support line of 0.88676 and 0.88527.

Commentary/ Reason:

- The dollar slipped 0.08% on Wednesday to stay at 0.8880 against the Swiss franc, not far from 0.8875, a 5-year low touched on Monday.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.34142 and 1.34547.

- Support line of 1.32823 and 1.32427.

Commentary/ Reason:

- Sterling added 0.20% on Wednesday, though whipsawed in early Asia session.

- The sterling last at $1.3377, with development of Brexit being the main catalyst for the moves.

- British Prime Minister Boris Johnson will meet Ursula von der Leyen, president of the EU's executive European Commission, for dinner in Brussels on Wednesday to try and close gaps their negotiators have struggled with for months.

- Brexit negotiations will end on Dec. 31, and if by then there is no agreement to protect around $1 trillion in annual trade from tariffs and quotas, businesses on both sides would be hit hard.