Currency: EUR/USD
Trend Expected Direction: UP
Method: Elliott Waves and Fibonacci Levels
Description: Follow up on my last trade post on EUR/USD dated 27 Jun, a Falling diagonal in a 5th wave just moved further down in order to complete its fifth at 1.618 Fib level before it completed its larger primary cycle. I expected the wave ends at 1.2450 but it ended at 1.24065 just above Stop Loss. Now as I see on chart trend broke 1.25800 level with almost 90% of a motive wave heading toward north. I do see a zigzag or flat correction coming on the way, therefore, I suggest you to close your trade with current profit and will do post a new trade on a pull back. Wish you all a great weekend.
Recommendation: Close trade
Target Area: Close
Stop Loss: 1.2400
