EurUsd- bearish outlook

After failing to stay above 1.18 figure and the drop under flag's support, EurUsd continued its descent and is trading at 1.17087 of at the time of writing.
I believe a new leg down will follow for this pair and 1.16 zone would be challenged soon.
Sell rallies could be a good strategy in the search of a good R:R.
A daily close above yesterday's high would negate this outlook