Eoin Morgan believes England are still in the driving seat of making it to the semi-finals despite a heavy 64-run loss to bitter rivals Australia at Lord's on Tuesday.
Australia dominated the proceedings by posting a competitive total of 285 for seven at the back of a sublime century from skipper Aaron Finch.
England were rocked early in their chase as their batsmen faltered to the searing pace of Jason Behrendorff and Mitchell Starc, ultimately being dismissed for 221 in the 45th over.
England currently occupy fourth place in the points table and potentially face the prospect of a first-round exit as only a single point separates them from fifth-ranked Bangladesh.
"I thought for a lot of today we were outplayed. I thought we bowled well up front and were a little unlucky.
"They played and missed a lot. The wicket got a little better but it was still challenging. Losing early wickets was not ideal and we were not able contribute to a substantial partnership to win the game which is why we were outplayed.
Morgan defended the decision to field first after winning the toss by outlining the 'soft' nature of the 22-yard strip.
"The wicket was soft when we first started. Winning the toss and batting would have been a horrific decision. Right throughout the first 25 overs they dominated and our bowlers pegged them back and did really well when it looked like they would score 340 or 350.
"Given the circumstances it is not hugely disappointing. Our fate is in our own hands."
"We're not feeling the pressure of being favourites," he added. "We are in charge of how we go from here on in. We win two games, we definitely go through. It's a matter of producing that performance in one, if not both of those."
Morgan confirmed the hosts' confidence had taken a hit following their third loss of the tournament.
"Confidence isn't where it was at the start of the tournament, simply because we started really, really well. It's a matter of rebuilding it, going back to our strengths and hopefully sticking to it," Morgan told the BBC.