EURUSD 1HR TIMEFRAME EUR/USDOANDA:EURUSDPIPANALYTICADescending Wedge / Liquidity Compression: Prior to the drop, price was contracting inside that red falling wedge. Higher-timeframe liquidity was building up underneath the lower trendline and the historical demand zones (1.1630–1.1650). Bearish Imbalance (New FVG): The aggressive expansion candle created a fresh 1H Bearish Fair Value Gap (FVG) between 1.1618 and 1.1638 (highlighted in red). This acts as high-probability dynamic resistance on any retracement. Mitigated Historical FVGs: The massive impulse candle sliced straight through the upper gray 1H FVGs from the previous bull run, converting those previous inefficiency zones into invalidated support. Current Demand Zone (1.1590 FVG): Price has tapped directly into the lowest bullish FVG (1.1590 – 1.1600) and the major horizontal level at 1.1582, showing immediate wick reaction / slowing momentum right inside it.