EURUSD - Breakout!

A clear breakout can be see as the price has managed to gain enough momentum to break out of the resistance level of the channel. Now there looks to be two options for this pair, either the price would retrace and retest the support and may bounce if the broken resistance which has now become a support level holds. The other option is that the price would just make gains from here rather than retracing. I believe the first option is much more likely as the RSI is at an overbought level meaning the price may want to retrace before gaining momentum once again.