EURGBP Channel Break Short Trade

EURGBP Daily

Pair EURGBP on daily charts has broken a rising channel on Friday. This channel was in place since July. 



Along with the channel break, it has also closed below 100EMA & 50EMA. This break happened on Friday, so I didn't took up this trade owing to risk news events. 

My strategy is to short any substantial bounces in this pair towards channel's lower trendline. On current chart that area comes around 0.8035/40.