[EURUSD]
Important Levels to Watch for:
- Resistance line of 1.19209 and 1.20175.
- Support line of 1.17277 and 1.16311.
Commentary/ Reason:
- The dollar changing hands at 1.1754 against the euro.
- The greenback initially fell after the Fed’s announcement, and weaker-than-expected U.S. retail sales data, but swung into positive territory after Chair Jerome Powell’s comment on economic outlook.
[USDCHF]
Important Levels to Watch for:
- Resistance line of 0.91505 and 0.92133.
- Support line of 0.90489 and 0.90249.
Commentary/ Reason:
- The Swiss franc last changed hands at 0.9130 per dollar on Asian Thursday trade.
[GBPUSD]
Important Levels to Watch for:
- Resistance line of 1.30295 and 1.30807.
- Support line of 1.28639 and 1.28127.
Commentary/ Reason:
- The pound was last at $1.2911, having dropped more than 3.5% against the dollar and the euro last week.
- The Bank of England is expected to signal on Thursday that it is getting ready to pump yet more stimulus into Britain’s economy as it heads for a jump in unemployment and a possible Brexit shock.
- The focus for sterling is now on Brexit tensions, following the British government’s deal on Wednesday to avert a rebellion in Prime Minister Boris Johnson’s own party, giving parliament a say over the use of post-Brexit powers.