[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.17763 and 1.17971.

- Support line of 1.17088  and 1.16879.

Commentary/ Reason:

- The euro retreated just below week highs made overnight, holding at $1.1715.

- The 1-week high due to hawkish comments from ECB Vice President Guindos, who said that there's no need to bolster emergency asset purchases right now since more than half of the ECB's current Pandemic Emergency Purchase Program (PEPP) hasn't even been spent.

- Eurozone economic data on Thursday was mixed for EUR/USD. The Eurozone Aug unemployment rate rose to a 2-year high of 8.1%. Meanwhile, Eurozone Aug PPI fell -2.5% YoY.

- EUR/USD further gains remain subdued, with signs of an impasse on Capitol Hill and the risk of disappointment at U.S. jobs data due later in the day holding investors back.

- Investors are watching with concern as coronavirus infection rates climb in Europe and the U.S. and awaiting crucial U.S. labor figures for a read on the economic recovery.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92215 and 0.92420.

- Support line of 0.91551 and 0.91346.

Commentary/ Reason:

- The dollar suffered pullback against the safe-haven Swiss franc, last quoted at 0.9207 on Asian Friday trade.

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

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.29736 and 1.30267.

- Support line of 1.28018 and 1.27487.

Commentary/ Reason:

- Sterling recovered from a low of $1.2819 to steady at $1.2860 in Asian trade.

- The pound experienced a wild ride on overnight session, on conflicting Brexit headlines, sinking as the European Union began legal proceedings over a British plan to undercut their divorce deal.

- The pair then rebounded on a Financial Times tweet that the two sides had made progress in trade talks, before falling back to 0.2% down after an EU official said the optimism was unfounded.