EUR/GBP very doubtful to hold at 0.8500 and next reasonable support observe further below 0.8400 . It could reach soon 0.8450 . Actual scenario is it was already negative after Theresa May's speech before Supreme Court Ruling announcement and after that its not change direction yet. Whatever arrives its still probable to continue same direction unless it first sustain above 0.8650 at least. Any suggestion or comments ?
Looking at the longer term charts this could go down and test 83500 ,there is some support down at 84500 but it doesn't look to promising, the court ruling was negative for MP May but positive for the pound value, they want a detailed plan/white paper of what MP May is proposing on a deal so they can have their input, confidence in her and her original plan is waning, she needs to move fast now and restore confidence. I would wait for news or positive data before thinking about levels.
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