Overall uptrend remains valid, and the pair continues to rise (represented by the channel). Within the support range of 1.215, we see 2 candles signalling a drop in the tempo, as it may mean buyers coming in. We may see a return of the pair to 1.25 resistance; as long as the support is not broken, the uptrend continues to hold true.
EURUSD is observed to have been on an uptrend on the W1 timeframe. A nice pinbar/ shooting star has formed at the end of this week. The candles look to lack further momentum upwards, and may retrace back to 1.20 or even 1.17 before regaining momentum. Even with that in mind, it may not be advisable to short in the near term.