[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.21768 and 1.22081.

- Support line of 1.20755 and 1.20441.

Commentary/ Reason:

- The euro added 0.20% to stay at $1.2132, shy of its recent 31-month top of US$1.2177.

- The euro firmed after Britain and the EU agreed to continue talks on post-Brexit trade beyond Sunday's deadline.

- Meanwhile for dollar, an added hurdle will be the when Federal Reserve's policy meeting on Dec. 15-16. The market is assuming the central bank will merely refine its forward guidance on policy rather than buying more bonds or "twisting" its portfolio to add more longer-dated debt.

- Also, the concern at surging coronavirus cases in the U.S. tempered optimism about vaccinations and fiscal support for the U.S. economy and provided a weight for dollars.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89026 and 0.89235.

- Support line of 0.88351 and 0.88143.

Commentary/ Reason:

- The euro was little changed on Monday against the Swiss franc, to stay at 0.8889 against the Swiss franc, not far from 0.8850, a 2-year low touched Friday.

- The greenback was pinned with markets heavily short dollars as investors bet on better returns in other currencies as the pandemic recovery takes hold.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.34142 and 1.34547.

- Support line of 1.32823 and 1.32427.

Commentary/ Reason:

- The British pound at $1.3314 latest, jumped 0.73%, noted as its biggest 1-day gain since Dec. 1.

- Sterling firmed after Britain and the EU agreed to continue talks on post-Brexit trade beyond Sunday's deadline to secure a free trade agreement.

- With three weeks to go before the final deadline, the current status remains “very difficult, as the U.K. government official said in a statement. “As things stand, the offer on the table from the EU remains unacceptable.”

- London and Brussels agreed on Sunday to “go the extra mile” in coming days to try to reach an elusive trade agreement despite missing their latest deadline to avert a turbulent exit for Britain from the European Union at the end of the month.

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