EUR/GBP falling on Brexit Closure

FX:EURGBP   Euro / British Pound
EU chief Barnier settled markets with a 6-8 week window for a Brexit settlement. The Euros reaction was to selloff as panic in the Pound receded. Now a channel has formed, and there is a possibility for a reversal pattern which will keep the short-term rally moving higher. Any harmful noise from the conservatives in the UK may have a bearish impact on the Pound.

If the Barnier Brexit story maintains forefront on the market's mind, the selloff may continue into the longer-term trendline.


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