[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.18605 and 1.19085.
- Support line of 1.18013 and 1.17533.
Commentary/ Reason:
- The euro has steadied after several days of selling and held at $1.1845 in Asia on Friday.
- EUR/USD was under pressure on speculation Thursday that the ECB may consider additional easing measures to keep the euro from appreciating. The Financial Times reported that several members of the ECB's Governing Council are concerned that the recent rally in the pair to a 2-1/4 year high will weigh on exports and bring down prices.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.91464 and 0.91706.
- Support line of 0.90681 and 0.90438.
Commentary/ Reason:
- The greenback was quoted at 0.9098 Swiss franc.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.33501 and 1.33910.
- Support line of 1.32179 and 1.31770.
Commentary/ Reason:
- The British pound bought $1.3276, retreating from its highest level in almost a year due to a lack of progress in Brexit negotiations between Britain and the European Union.
- The pound was on eight-month high against the dollar on Tuesday of over $1.34 but has since drifted lower after Bank of England policymakers warned that Britain's economy could suffer more damage than anticipated.