As you can see on the chart, the price already hit the upper channel on daily timeframe. What to expect? Honestly, I expect the EURUSD will not breakout the upper channel. What can I see, EURUSD is very overbought. Just a dew pips before reach 1.38 level.
But, as what we can see last week.. EURUSD’s trend was very strong. Even a hanging man and shooting star candle doesn’t affected that much. Very steep. Below is the daily chart of EURUSD.
And below is 4 hour timeframe. To make it safe, just short when the price break the white trendline 🙂 Until then, it may remains bullish but it is already hit the upper channel.