Bearish bias

im still maintaining a bearish bias on the euro dollar. from the last quarter of this year the eurodollar has been failing to maintain price above 1.12 there its still going down in a bearish trench, noticed a channel within a channel, the priced escaped the inner channel but couldnt hold above and end of the week we saw the price respecting the channel.#
this week we are looking for further downward movement of the pair to levels of price 1.10 or 1.09.
the price has also respect the resistance zone and with a given double top situation we placed a trade
my target will be 0.618 retracement of the previous upper movement and that 1,10