[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.22971 and 1.23577.

- Support line of 1.21008 and 1.20401.

Commentary/ Reason:

- The euro slid down 0.57% to $1.2182, as investors rushing for its relative safety as many countries tightened COVID-19 lockdowns.

- The dollar on Monday garnered support from heightened U.S./China tensions after the U.S. Commerce Department announced that it was blacklisting more than 60 Chinese companies "to protect U.S. national security." Companies that are blacklisted are prohibited from acquiring U.S technology.

- The dollar rally also supported over the approved U.S. stimulus package and weakening stocks today.

- While, the euro sentiment took a hit due to faltering trade negotiations between the European Union and Britain.

[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 advanced on Monday to stay at 0.8865 against the Swiss franc, added 0.43% as investors rushing for safe haven currencies.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.36488 and 1.37813.

- Support line of 1.32199 and 1.30873.

Commentary/ Reason:

- Sterling slid 1.23% to $1.3354 on Monday after several European countries closed their borders to the UK as the country entered a tougher lockdown to fight a new strain of coronavirus that is up to 70% more infectious.

- The currency came under pressure and on track for its biggest drop in three months against the dollar after Britain imposed tough new curbs to stem a fast-spreading new coronavirus strain.

- UK Health Secretary Matt Hancock warned that the new strain of the coronavirus was “out of control” and suggested parts of England to be stuck in the new, highest tier of restrictions until a vaccine is rolled out.

- On Brexit front, the Brexit negotiators failed to find an agreement on the weekend, raising the risk of Britain crashing out of the EU at the turn of the year with no deal.

- The EU’s fishing rights in British waters continues to be a particular sticking point in Brexit negotiations.