The daily chat below shows the pair is turning over after breaching the rising channel. The daily RSI is yet to breach the neutral level (50.00), so that could be a reason to stay on the sidelines, however, on the weekly chart, we see 4 straight candles with long upper shadows (pointing to sell on rise mentality). Last week;s candle looks like a bearish inverted hammer. It also marked a failure to hold above 0.8787 (Mar 2017 high).
Hence, it makes sense to go for shorts for a downside target of 0.8684 – 23.6% Fibo retracement of 0.6931 – 0.9225.
The best part of selling the pair here is that the stop level – 0.8787 is very close.