[B]My picks:[/B] EURUSD long at market, against 1.3390, targets 1.38 and 1.42
[B]Expertise:[/B] Technical
[B]Average Time Frame of Trades: [/B]3-5 weeks
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). Staying above 1.3190 keeps this outlook intact.