Has the Eur run out of bullish steam against the Pound

Earlier this month, EurGbp broke a bearish trendline and appeared to be in an uptrend and the price was crawling up inside the rising channel. However, after price made a bullish rally yesterday to the top of the channel, there doesn't seem to be any follow through. Price is at the top of the channel and is also touching a major trendline. A pin bar has formed at this juncture and there could be a sell-off and a resumption of the old downtrend.

RSI is also showing some bearish divergence.

Stop loss above pin bar at 0.8040
Target will be at least to the bottom of channel - 0.7940 and could go to support of 0.7915

If price breaks the major bearish trendline and exceeds the high of the pinbar/shooting star, then this idea has failed and my bias will be bullish.