[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.22825 and 1.23303.

- Support line of 1.21279 and 1.20801.

Commentary/ Reason:

- The euro was last up 0.21% to $1.2186.

- The euro was higher on Wednesday, having clawed back earlier losses amid talk of a potential post-Brexit trade deal on the table between Britain and the European Union.

- The EU is considering continuing negotiations with Britain past the end of the year, sources said after an update on Brexit by the bloc's negotiator, Michel Barnier.

- While the dollar moves faltered as President Trump threaten to not approve the long-awaited stimulus bill.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.89141 and 0.89388.

- Support line of 0.88341 and 0.88094.

Commentary/ Reason:

- The dollar slipped on Wednesday to stay at 0.8879 against the Swiss franc, lose 0.15% as investors bet on better returns in other currencies as the pandemic recovery takes hold over concern of new COVID-19 virus strain.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.34973 and 1.35714.

- Support line of 1.32574 and 1.31833.

Commentary/ Reason:

- Sterling added against the dollar, gains 0.39% at $1.3401.

- The pound was higher against the dollar, having clawed back earlier losses amid talk of a potential post-Brexit trade deal on the table between Britain and the EU.

- Brexit optimism overshadowed the new restrictions imposed by about 40 countries, restricting flights, and effectively isolating the UK over the concern about a new variant of the coronavirus.

- European Commission President Ursula von der Leyen and British Prime Minister Boris Johnson spoke on disagreements over concessions on fishing, the last main sticking point.

GBPUSD