Jackson-FX

Jackson-FX

After price failed to produce a new high above the 1.44675 level, it suggested a potential shift in momentum, with the bullish trend weakening. This was confirmed when price created a new swing low after breaking a significant structure level, indicating a bearish market shift. Following the bearish break of structure, price retraced to the 50% Fibonacci level,...

Jackson-FX

EU remains in a downtrend on both higher and lower timeframes. From the current swing low, my analysis suggests the market is undergoing a bullish correction phase before continuing lower. The next key level to watch is the last area where bearish structure was broken, which I expect to be mitigated or tested before positioning short. Price nearly traded into a...