EURUSD: Daily Bounce Meets a Bearish TrendEuro / U.S. DollarFOREXCOM:EURUSDProfessorSingaporeThe euro remains under pressure from French fiscal concerns, while the dollar continues to benefit from safe-haven demand amid Middle East tensions and oil-driven inflation risks. France’s high borrowing costs and uncertainty around its fiscal outlook remain a drag on the euro. EURUSD is trading near 1.1232, holding above 1.1155 after a sharp selloff. Price has moved slightly above the 9 EMA near 1.1224. RSI is recovering near 40, and MACD has turned higher. However, both MACD lines remain below zero, so the move still looks like a corrective bounce within a broader bearish trend. The pair remains below the 50 SMA near 1.1450, the 200 EMA near 1.1506, and the 200 SMA near 1.1578. Stoch RSI near 96 shows that the short-term bounce is already stretched, increasing the risk of a pause or pullback. Bullish scenario: A daily close above 1.1240–1.1260, followed by a successful retest, would extend the recovery toward 1.1300–1.1330. The 50 SMA near 1.1450 remains a higher resistance reference. Bearish scenario: A daily close below 1.1155 would confirm a support break and expose 1.1100. A failed reclaim of 1.1155 after the break would strengthen the bearish continuation case. For now, the key range is 1.1155 support and 1.1240–1.1260 resistance. ⚠️ Not financial advice.