The push above channel resistance suggests to me 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). Staying above 1.2965 keeps this outlook intact. I’d still like to see the EURUSD drop beneath 1.3190 and test Fibonacci support at 1.3125. A dip to this level would warrant bullish action.