The push above channel resistance indicates that the EURUSD corrective advance from 1.2510 is not yet complete. In fact, recent developments suggest a rally through 1.3742 and possibly as high as 1.4150-1.4200 (61.8% of decline from 1.4723 and 100% extension of 1.2510-1.3742). Price ideally stays above 1.3245 now (last night’s low). A word of warning though - triple divergence with RSI on the 240 minute chart warns of weakness. So, I am bullish, but cautiously so. Confidence is extremely low.
