328788

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.15936 and 1.16164.

- Support line of 1.15198 and 1.14970.

Commentary/ Reason:

- The euro sat at $1.1573, 0.3% below a 21-month high of $1.16003, which it hit overnight in the afterglow of Europe's leaders agreeing on a coronavirus stimulus package.

- Stochastic and RSI oscillators both steadies around normal range of 50,

- The MACD is trading below its signal line and positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.93373 and 0.93811.

- Support line of 0.92831 and 0.92393.

Commentary/ Reason:

- The safe-haven Swiss franc found support near a 4-month top at 0.92886 per dollar.

- Both Stochastic and RSI oscillators flirting into undervalued ranges.

- The MACD is trading above its signal line and negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2743 and 1.2806.

- Support line of 1.2665 and 1.2602.

Commentary/ Reason:

- Against the British pound, the dollar traded at $1.27339, close to a six-week low.

- Stochastic indicator steadies around normal range after a pullback from overbought range.

- RSI indicators also at around normal range of 50 for some time.

- The MACD is trading below its signal line and positive.

GBPUSD