The parity continue to move into its short term bearish channel. THe support line of the long term bullish channel is currently broken. This only a break out of 0.89 that will offer a new sell signal (you must take into account the lower band of the short term channel which could allow the parity to rebound). To trade only long positions as far as the price is above 0.8900 is possible.

http://www.tribuforex.fr/img_vrac_2/eurgbp04112009.png