EURUSD pulls back from the upper border of the rising price channel, suggesting that a sort term cycle top is being formed at 1.4338 level on 4-hour chart. Sideways consolidation in a range between 1.3950 and 1.4338 is expected in a couple of days. However, the fall from 1.4338 is more likely consolidation of uptrend from 1.2884. Further rally towards 1.4600 is still possible after consolidation and a break above 1.4338 level will signal resumption of the uptrend.
