[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.21781 and 1.21970.

- Support line of 1.21169 and 1.20980.

Commentary/ Reason:

- The dollar changed hands at $1.2162 per euro, near the 2 1/2-year low of $1.2177 touched on Monday.

- Optimism for a trade deal on Brexit boosted stocks, while contributing to a weaker dollar against the euro.

- Markets will now look on the outcome of a 2-day Federal Reserve policy meeting on Wednesday. Policymakers are expected to keep the key overnight interest rate pinned near zero and signal it will stay there for years to come, a decision that analysts say will further boost investors’ risk sentiment.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.88823 and 0.88963.

- Support line of 0.88370 and 0.88229.

Commentary/ Reason:

- The dollar was little changed on Wednesday against the Swiss franc, to stay at 0.8854.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.35167 and 1.35900.

- Support line of 1.32793 and 1.32060.

Commentary/ Reason:

- The pound was last at $1.3461, following a 1% jump in the previous session.

- The gains were following a report that an elusive Brexit trade deal may now be close, even as British Prime Minister Boris Johnson repeated that the most likely outcome of talks was no deal.

- Optimism for a trade deal on Brexit also boosted stocks, while contributing to a weaker dollar against the British pound.

- 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.

- Tighter COVID-19 restrictions is expected to be imposed on London as the government citing increased infection rates that may be partly linked to a new variant of the coronavirus.