Bearish Setup EURUSD

FIRSTLY STARTING WITH THE FUNDAMENTAL ANALYSIS THE EURUSD -0.19% BIAS IS BEARISH HAVING WEAKER EUROPEAN DATA & STRONGER US DATA, FOCUSING THE SENTIMENTS OF THE TRADERS TO 58% SELLERS TO 42 % BUYERS.EXPECTED AN INCREASE IN TODAY'S CONSUMER PRICE DATA DUE TO AN INCREASE IN ENERGY PRICE. INFLATION COULD BE INCREASED UP TO 2 PCT IN THE NEAR TERMS.CORE CPI -0.07% WOULD DECREASE DUE TO AN INCREASE IN HEALTH SERVICE ERADICATING OF OBAMACARE POLICY.EXPECTED STRONGER US DATA AGAINST THE EURO -0.19% .SECONDLY THE TECHNICAL ANALYSIS SHOWS US THAT THE PRICE IS INSIDE THE BEARISH CHANNEL LIKELY TO RETRACE FROM THE NEAR SUPPORT EXTENDING ITS LIMITS TO 1.0600 TO 1.0620 LEVELS.A MOVE ABOVE THIS WOULD GAIN A SHORT-TERM MOMENTUM UPWARDS TESTING THE 1.0700 MARK & LATER CONTINUING ITS BEARISH BIAS SOUTHWARDS. A MOVE BELOW 1.0530 WOULD INDICATE THE SELLERS PRESSURE TO DRAG THE PRICE FURTHER SOUTHWARDS TESTING THE LEVELS OF 1.0500 TO 1.0472.PRICE MAKING CONTINUOUS HIGHER LOWS & LOWER LOWS INDICATING A STRONG DOWNTREND.WITH THE MA 20 & MA 100 INDICATING A DOWNTREND FROM 1.0730 LEVELS.THE RSI COULD MOVE BELOW 30 LEVEL TO DRAG THE PRICE IN OVERSOLD POSITION.A POSSIBLE MOVE TOWARDS THE NORTH FOR SHORT-TERM.IF THE PRICE STARTED MAKING HIGHER HIGHS & HIGHER LOWS WOULD INDICATE A SHORT-TERM BULLISH BIAS TARGETING THE CURRENT RESISTANCE TREND LINE .
ENTRY POINT BETWEEN - 1.0700 - 1.0590.
TARGET BETWEEN - 1.0400 - 1.0500.
RESISTANCE - 1.0694 - 1.0664 - 1.0620.
PIVOT POINT - 1.0590.
SUPPORT - 1.0546 - 1.0516 - 1.0472.

GOOD-LUCK,
REGARDS,
GROWING FOREX .
MAKING FUTURE INDEPENDENT.