EURUSD remains under bearish control, with down trend

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EURUSD remains under bearish control, with down trendEUR/USDOANDA:EURUSDExpertTraderASKEURUSD – 1H Technical Analysis EURUSD remains under bearish control, with price action continuing to respect the prevailing downward trend structure. The market is currently approaching a key resistance zone where sellers may seek to re-establish momentum in favor of the broader trend. Key Resistance Zone: • 1.16200 – Primary area of interest for potential short positions. Trade Outlook: As long as price remains below major resistance and fails to establish a sustained bullish breakout, the bearish outlook remains intact. A rejection from the 1.16200 resistance zone may provide a favorable opportunity to align with the dominant trend. Bearish Targets: • Target 1: 1.15800 • Target 2: 1.15500 Market Structure: The current market structure continues to favor sellers, with lower highs and persistent selling pressure supporting the downside scenario. Confirmation through bearish price action at resistance would strengthen the probability of a continuation move lower. Risk Management: Effective risk management is essential for long-term trading consistency. Risk only a small portion of total account capital per trade and place stop-loss protection above the technical invalidation level. Avoid emotional decision-making, maintain disciplined position sizing, and wait for confirmed market signals before executing entries. Bias: Bearish Timeframe: 1 Hour Strategy: Sell from the 1.16200 resistance zone upon bearish confirmation, targeting continuation within the established downtrend.