[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.23115 and 1.23393.

- Support line of 1.22213 and 1.21935.

Commentary/ Reason:

- The euro was steady at $1.2266 against the dollar, added 0.19% on the day.

- Senate runoffs in Georgia is watched, which could have a big impact on incoming U.S. President Joe Biden's economic policies. Democratic win could trigger further dollar weakness, as investors assume it would lead to higher stimulus spending which would in turn boost market sentiment and weigh on the dollar.

- The dollar also was undercut by fears of a post-holiday pandemic surge, which would be bearish for U.S. economic growth and dovish for Fed policy.

- Meanwhile, the euro gained its strength from last week's Brexit agreement and on the EU-China investment agreement news.

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.88533 and 0.88784.

- Support line of 0.87721 and 0.87470.

Commentary/ Reason:

- The dollar took a breather as concerns about surging COVID-19 cases and uncertainty about U.S. runoff elections in Georgia fuelled demand for safer assets.

- Against the Swiss franc, the dollar still down 0.08% to 0.8804 on Tuesday.

- Overnight, the USD/CHF slipped to a new 5-year low to 0.8784.

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.37063 and 1.37693.

- Support line of 1.35024 and 1.34393.

Commentary/ Reason:

- Sterling was firm at $1.3686, added 0.17% on Tuesday, held back after touched a more than 2-year high of $1.37024, recorded overnight, before declined back as the nation’s PM announced the new lockdown.

- Surging coronavirus cases capped the gains in sterling, as British Prime Minister Boris Johnson ordered England into a third national lockdown to contain a surge in COVID-19 cases. The new lockdown will last 6 weeks.