EURUSD Technical Analysis (30M Timeframe)

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EURUSD Technical Analysis (30M Timeframe)EUR/USDOANDA:EURUSDForex_Market_InsightsEUR/USD is currently trading above a Strong Inversion Fair Value Gap (IFVG) and a well-defined support zone after completing a healthy corrective pullback from the recent swing high. Price has respected the demand area multiple times, indicating that institutional buyers are still defending this region. The recent decline has also formed a descending trendline, and price is now attempting to break above this short-term bearish structure. A successful breakout and close above the trendline would confirm renewed bullish momentum and expose the next key resistance around 1.1458, where previous supply is located. The current support zone around 1.1420–1.1430 aligns with the inversion FVG, making it a high-probability reaction area. As long as price continues holding above this demand cluster, the overall intraday structure remains bullish, with the recent pullback appearing to be a liquidity grab rather than a change in trend. If buyers generate sufficient momentum from the IFVG, the market could revisit the resistance zone and potentially extend higher toward the higher-timeframe Order Block. However, a decisive breakdown below 1.1420 would invalidate the bullish setup and could trigger a deeper correction into lower demand before buyers regain control. 📍 Trade Setup 🎯 Entry: 1.14324 ✅ TP1: 1.14420 ✅ TP2: 1.14500 ✅ TP3: 1.14581 🚀 TP4: 1.14680 🛑 SL:1.14209