EURUSD – Is Bearish Pressure Taking Control?

I maintain a short-term bearish outlook on EURUSD, as both fundamental and technical factors are aligning in favor of this scenario.

1️⃣ Fundamentals: The USD Is Strongly Supported
Recent developments indicate:
Escalating geopolitical tensions are driving capital flows back into the US dollar as a safe-haven asset.
Positive US economic data and expectations that the Federal Reserve will maintain a cautious/hawkish stance continue to reinforce USD strength.
Meanwhile, the Eurozone lacks a sufficiently strong catalyst to support the euro.
➡️ This creates a clear fundamental backdrop: a stronger USD means increasing downside pressure on EURUSD.

2️⃣ Technical Outlook: The Descending Channel Remains in Control
Price is moving within a clearly defined descending channel.
We continue to see lower highs, confirming sustained bearish structure.
Price was recently rejected near the short-term resistance around 1.1740.
Currently, price remains below the Ichimoku cloud and beneath the main descending trendline.
This structure strongly suggests that sellers remain in control of the market.

3️⃣ Highest-Probability Scenario
My projection:
A minor rebound toward the 1.1730 – 1.1740 resistance zone to retest short-term supply.
Followed by renewed selling pressure targeting 1.1620, the next key support within the descending channel.
If 1.1620 is broken with a strong daily close, the downside momentum could accelerate further.