Seasonal Analysis shows that the correction will only end sometime in early/mid July, where the pair will carve out a medium term lower top between 1.28 - 1.30 before making a new low.
So far it has worked out well. Stop has been moved up and there is zero risk on my position. Here's a short term Chart Update and levels I'm looking at...
Eur/Usd 4H chart
revised first soft target @ 1.2820
positive S.L. @ 14June's Daily Low
my bias:
short term: Bullish
long term: Bearish
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