[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17649 and 1.17924.

- Support line of 1.16759  and 1.16484.

Commentary/ Reason:

- The euro edged up 0.2% on Wednesday and held at $1.1741 on Thursday.

- Bullish momentum of the pair remains subdued.

- Gains in the euro overnight were halted after the ECB President Christine Lagarde hinted that a strategy overhaul, and a more accommodative approach to inflation, could be possible. Although losses were contained by stronger-than-expected German economic data.

- Today speeches from ECB Chief Economist Philip Lane, at 1545 GMT, and Bank of England Chief Economist Andy Haldane, at 1020 GMT, will be closely watched for hints as to the next monetary moves.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92567 and 0.92894.

- Support line of 0.91509 and 0.91182.

Commentary/ Reason:

- The dollar suffered pullback against the safe-haven Swiss franc, last quoted at 0.9194 on Asian Thursday trade.

- The direction of the pair will be determined by sentiment on the USD.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.29736 and 1.30267.

- Support line of 1.28018 and 1.27487.

Commentary/ Reason:

- The pound was higher at $1.2937 on Thursday trade.

- GBP/USD buyers are beginning to dominate price action with the ascending trendline in sight. Momentum indicators have begun upward trajectories.

- Speeches from Bank of England Chief Economist Andy Haldane, at 1020 GMT, and ECB Chief Economist Philip Lane, at 1545 GMT, will be closely watched for hints as to the next monetary moves.

GBPUSD