EU chief Brexit negotiator, Michel Barnier, tweets
Full & effective implementation of Withdrawal Agreement will always be an absolute priority for EU It is the result of long EU-UK negotiations & the only way to protect Good Friday (Belfast) Agreement, guaranteeing peace and stability on island of Ireland.
Nothing new here given the move by the EU earlier. The one-month deadline means that there might not be any near-term consequences as a result of the legal action, with the UK also having to sort through the internal market bill at the House of Lords for now.
Just be reminded that while the bill has passed the Commons, it isn't a guarantee to be passed at the Lords since Johnson doesn't command a majority there.
As I discussed in the previous review, the EUR is testing the major pivot decision level at the price of 1,1750/
Further Development
Analyzing the current trading chart of EUR, I would carefully watch for the price action around the key pivot level at 1,1750.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Orange Juice and Natural gas today and on the bottom Cocoa and VIX.
EUR is slighly bullish today on the list...
Key Levels:
Resistance: 1,1750
Support level: 1,1685
