Sterling Pound dips as UK Prime Minister changes the negotiationToday, in this analysis. Euro is will be benefited of the drop of Sterling Pound.
Now, looking in Daily timeframe we see a change of panoramic, in the past week we see a descendenr trinagle, but now we are in the bearish channel. Now, Euro it's will be benefited today and this week, Sterling started with bad news about the No-Deal Brexit back on table.
In H4 timeframe, the trend is clearly bullish.
Now, in H1 timefrmae we hope an entry long position at 0.8970, in that price I put an alarm when the Euro leave it this zone.
Fundamentals Keys for Euro/Sterling Pound:
1. EUR/GBP exchange rate slides as Brexit talks approach moment of reckoning.
2. Sterling Pound dips as Boris Johnson draws up new brexit legislation
3. Sterling suffered today after UK british Prime Minister Boris Johnson said that he would draw up legislation to override the Brexit withdrawal agreement on Ireland
4. British Foreign Secretary Dominic Raab said on Yesterday taht UK-EU negotiations were fast approaching as moment of reckoning, and that a past-brexit deal was there for the talking
5. There are growing of fears that the deadlock between the UK and the EU could result in a no-deal Brexit on December 31, 2020
6. Revived Hard-Brexit Fears knock pound sterling to Euro exchange rate to weekly worst.
