EURUSD UPDATEEUR/USDOANDA:EURUSDAndrewsMarket-MasteryEUR/USD on the daily chart has been in a steady downtrend since topping out near 1.1750 in late April, breaking down through a series of support zones (1.1450, 1.1350, and most recently 1.1200) before finding a low near 1.1150. Price has now bounced off that low, reclaiming the 1.1200 zone and currently trading around 1.12387. The chart shows two scenarios: a small bearish continuation from a minor rejection near 1.1400 already played out, but the dominant projection is a bullish bounce (the larger arrow) continuing upward from the current 1.1200 support retest. As long as price holds above the 1.1200 zone, the near-term bias favors a recovery bounce, with 1.1350–1.1400 as the next resistance to watch; a break back below 1.1150 would resume the broader downtrend.