EURUSD Still Bearish | Perfect Sell-on-Rally Zone FormingEURUSD is trading inside a clear descending channel on the H1 timeframe. Price action continues to respect the channel structure, forming lower highs and lower lows, which confirms ongoing bearish momentum.
The pair recently pulled back toward the channel midline / dynamic resistance, where selling pressure re-emerged. Moving averages are also acting as dynamic resistance, keeping price capped to the downside.
As long as price remains below the upper channel boundary, the bearish bias remains valid.
🔴 Sell Trade Setup
Sell Zone: 1.1720 – 1.1730
Stop Loss: 1.1765
Take Profit 1: 1.1690
Take Profit 2: 1.1665
Risk–Reward: 1:2+
📌 Trade Logic
Descending channel intact.
Price below key moving averages.
Rejection from resistance zone.
Bearish structure remains unbroken.
Selling rallies inside the channel offers. the best probability setup.
❌ Invalidation
A strong H1 close above 1.1765 will invalidate this bearish setup and suggest a possible trend shift.
⚠️ Notes:
Watch for volatility during upcoming economic events
Wait for H1 candle confirmation before entry
Apply proper risk management (1–2% per trade)
📊 Market Bias
Trend: Bearish
Strategy: Sell on pullbacks
Timeframe: H1
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