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Coleman: Buying a break in EURGBP

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Ian Coleman is buying a break in EURGBP after the pair hit a medium term 161.8% extension at 0.7840. "We are now correcting lower but still in a bullish channel. Support seen at 0.7720 so further losses should be limited." Ian adds.  
 
1 hour 261.8% extension at 0.7706. Look to be forming a bullish reverse Head and Shoulders
 
Bespoke resistance at 0.7748
 
Buy a break of 0.7753 

Targets: 0.7795 then 0.7850 

Stop: 0.7723