Weekly Euro Fx / British pound - channelling

FX:EURGBP   Euro / British Pound
176 3 0
Long term bearish channel in the weekly chart but still some space for the Euro             to the upside.
Or better, the first channel has morphed into HS formation. The bigger channel is still valid. We could see Euro / British Pound at 0.80-0.79 quite soon.
Channel here is out of question now - Euro weakening and Pound getting stronger. We could see 0.8 soon
First channel broken to the downside - strength in the pound
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