Keep in mine that with a smaller frame you would not be able to raise your handlebars as high in relation to the seat. Adjusting your brake levers as SJX426 & Mr66 said will help shorten reach a lot. Judging by saddle height, I wouldn't call that French fit. French fit usually results in the top of the bars being almost level with the saddle, without the stem being too high (there should always be at least 2" of stem inside of the fork, 2 1/2" is better). You should check yours - it looks like it may be too far out of the fork. Once you adjust the bars & brake levers, if you still wanted a shorter reach, you could get a stem with less reach, and maybe more height.