[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.18655 and 1.19056.
- Support line of 1.17853 and 1.17452.
Commentary/ Reason:
- The euro stood at $1.1807 on Tuesday.
- The dollar held on to small overnight gains on Tuesday as investors weighed whether an accommodative turn from the European Central Bank later this week could damage the euro.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.91874 and 0.92099.
- Support line of 0.91145 and 0.90919.
Commentary/ Reason:
- The Swiss franc last changed hands at 0.9179 per dollar on Asian Tuesday trade.
- The pair has been gaining since last week.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.32592 and 1.33047.
- Support line of 1.31121 and 1.30667.
Commentary/ Reason:
- Sterling declined as much as 1% against the dollar to US$1.3146, extending its losing run to the longest since June, as Johnson prepared to tell the EU he is willing to let talks fail rather than compromise on what he sees as core Brexit principles.
- The pound fell after UK Prime Minister Boris Johnson ratcheted up the chances of trade negotiations failing with the EU.
- New talks are due to begin in London later today.