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EUR/GBP slides sharply after breaking consolidation

Yesterday, we saw the EUR/GBP trading within a consolidation range. 
EUR/GBP awaiting consolidation breakout
We discussed the failure to tag 0.86 as a sign of weakness.
"It looks like there is some bearish bias within the consolidation range, but the market is holding the line at 0.85 so far."

The pressure on the 0.8485 support finally gave out today and the EUR/GBP slid sharply.

EUR/GBP 4H Chart 7/12

(click to enlarge)

Bearish Targets: 
1) The first bearish target we discussed was 0.84. EUR/GBP plunged right through this potential support .
2) The aggressive target for me was 0.8310. Price is stalling just above this level as the RSI dips below 30. This means, the market might be slowing its decline, but there is no sign of a bullish reversal. Therefore, we can still anticipate some further bearish momentum towards the 0.83-0.8310 area .

Trade Idea; Sell of a Rally:
If we are bearish, we should probably not chance at this point.
The reward to risk is lower, and there a good chance for a rebound this week.
Perhaps the prudent strategy would be to sell on a rally.