EURUSD: Bearish Pressure Continues as Dollar Strength DominatesEuro/US DollarSAXO:EURUSDProfessorSingapore🎯 Trade setup: Direction: Short from pullback 🔻 Entry: 1.1360–1.1380 🛑 Stop Loss: 1.1410 🎯 Take Profit 1: 1.1300 📰 News: EUR/USD remains under heavy selling pressure, trading near the 1.1330–1.1340 area after a sharp downside move. The pair is still below key moving averages, with short-term EMAs pointing lower and the 200 SMA far above the current price, confirming that the broader intraday structure remains bearish. The macro backdrop also favors the U.S. dollar. The euro has been pressured by softer expectations for further ECB tightening, while the dollar continues to benefit from hawkish Fed expectations and stronger relative rate support. Falling oil prices have also reduced pressure on the ECB to act more aggressively, adding additional pressure on EUR/USD. 📊 Analysis: On the 1H chart, EUR/USD remains in a strong bearish trend. The price is trading around 1.1340 and stays below EMA 9, EMA 20, SMA 50, and SMA 200. RSI is near oversold territory, which means a short-term pullback is possible. However, MACD remains negative, and the moving averages are still pointing lower, so sellers remain in control. 🐻 As long as EUR/USD stays below 1.1380–1.1400, the bearish scenario remains valid. A rejection from this resistance zone could send the pair back toward 1.1325 and 1.1300. If the price breaks and holds below 1.1325, the next downside target is 1.1250. 🐃 A bullish recovery would require the price to reclaim 1.1400 and hold above EMA 20. Until then, any upside move looks like a correction inside the downtrend. ⚠️ Invalidation: The bearish setup is invalidated if EUR/USD holds above 1.1410. ⚠️ Not financial advice.