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Collins: Shorting EURGBP after rejection of highs

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Alan Collins is shorting EURGBP after what he calls a "powerful" rejection of the 12 month highs at 0.7700; "the whole week’s price action saw the cross platformed by the 13 day moving average, a point that had held the downside since the beginning of December." says Alan.

With the Keltner channel going from flat to small Bearish Alan believes the upside rejection emphasises a new negative tone. 
Targets: 0.7540 & 0.7516
Sellers attracted at 0.7605
Stop: 0.7628