[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.22927 and 1.23247.

- Support line of 1.21889 and 1.21569.

Commentary/ Reason:

- The euro retreated 0.16% to $1.2246 on Friday on minor profit taking, though still holding its weekly gains. The dollar sunk through it 2-1/2 year low overnight after the common currency touched $1.2272 on Thursday, rallied for the fourth straight session.

- The euro rally was supported as investors built up positions in riskier assets, anticipating an economic recovery in 2021 backed by wider vaccine rollouts and ultra-easy monetary policy.

- The markets were also cheered by the possibility of a Brexit trade deal, which is expected to be within days.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89005 and 0.89282.

- Support line of 0.88111 and 0.87834.

Commentary/ Reason:

- The dollar slipped on Friday to stay at 0.8847 against the Swiss franc, not far from 0.8821, a 2-1/2--year low touched overnight.

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

- On Friday, the Swiss National Bank kept its ultra-expansive monetary policy on hold, keeping the world's lowest interest rates and staying ready to launch currency interventions, despite being labelled a currency manipulator by the U.S. Treasury report.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.36439 and 1.36943.

- Support line of 1.34808 and 1.34303.

Commentary/ Reason:

- The pound sat at $1.3527, down 0.4% on the day, after hitting a 31-month high overnight.

- The pound strengthened as officials cautiously predicted a Brexit deal within days. Both held their gains on Friday after European Commission President Ursula von der Leyen said “big differences” remain.

- On central bank report, the BoE kept its monetary stimulus unchanged as it awaits the outcome of trade talks between the UK and EU. The benchmark interest rate is hold at 0.1% and their total asset purchase target at $1.2 trillion.

- The elusive trade agreement will end in two weeks. 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.