EURUSD: is the recovery a reversal or another selling opportunitEuro / U.S. DollarFOREXCOM:EURUSDProfessorSingapore EURUSD has bounced from the 1.1369 support level, but the broader H1 structure remains bearish. The price is still trading below the 50 and 200 SMAs, while the recent recovery has reached an important resistance area. Short-term momentum is improving. RSI has returned to neutral territory, MACD is recovering, and Stochastic RSI is moving higher. However, these signals currently point to a corrective bounce rather than a confirmed trend reversal. Primary scenario: sell the recovery The 1.1393–1.1400 area combines local resistance with the 50 SMA. A rejection from this zone could create another opportunity to trade in the direction of the broader bearish structure. Entry condition: A rejection from 1.1393–1.1400, confirmed by a bearish H1 candle. Entry: 1.1393–1.1397 Stop-loss: 1.1415 Take profit 1: 1.1369 Take profit 2: 1.1350 Scenario validity: The setup remains valid for the next 24–48 hours or until EURUSD closes above 1.1415 on the hourly chart. Alternative scenario If EURUSD breaks above 1.1400 and consolidates above 1.1415, the bearish setup will be invalidated. In that case, the next important levels would be: the 200 SMA near 1.1422; the major resistance at 1.1433. A confirmed breakout above 1.1433 would suggest that the current bearish structure is weakening and that a broader recovery may be developing. Key takeaway The bounce from 1.1369 has improved short-term momentum, but it has not yet changed the broader bearish structure. The reaction inside the 1.1393–1.1400 resistance zone will determine whether sellers regain control or buyers extend the recovery toward 1.1422–1.1433. Which level will EURUSD reach first? 1.1369 1.1433 The pair will remain between 1.1370 and 1.1400 It is not financial advice.