EURUSD: Major Support Test | Potential Bullish ReversalEuro vs. US DollarFX:EURUSDMr_Davidd7 The market is approaching a critical support zone after an extended bearish movement, with price currently reacting around the 1.1044–1.1058 region. The overall market structure remains bearish, as multiple Breaks of Structure (BOS) confirm continued selling pressure. However, the current support area could become an important turning point if buyers manage to defend this level and establish bullish momentum. Market Structure & Price Action Looking at the higher-timeframe structure, sellers have maintained control through a consistent sequence of lower highs and lower lows. Previous bullish attempts failed to break important resistance levels, resulting in further downside movement. Price is now testing a significant support and liquidity zone near the recent weak low. This area deserves close attention because a liquidity sweep followed by strong bullish displacement and a confirmed Change of Character (CHoCH) could indicate a potential shift in short-term market momentum. Key Support & Liquidity Zone The 1.1044–1.1058 region represents the current major support area. This zone could attract buying interest, especially if price sweeps the weak low and quickly reclaims the support level. A strong bullish reaction from this region would provide the first indication that buyers may be preparing for a recovery. However, a clean breakdown and sustained acceptance below support would weaken the bullish scenario and could expose the market to further downside. Key Resistance Levels & Upside Targets The first important resistance is located around 1.1270. A successful move above this level, followed by a clean retest, could strengthen the bullish recovery scenario. If bullish momentum continues, the next potential objective is around 1.1485, followed by the higher-timeframe order block near 1.1630–1.1660. The major resistance and supply zone remains around 1.1800–1.1840, where sellers previously demonstrated strong rejection. Bullish Scenario The projected path highlights a possible recovery from the current support region toward 1.1270. After reclaiming this resistance, price may consolidate, retest the breakout area, and potentially continue toward 1.1485 and the higher order block. This scenario requires confirmation through bullish price action, a liquidity sweep, and a meaningful market structure shift. Without these signals, the projected upside remains only a possibility. Final Market Outlook The market is at an important technical decision point. Although the broader structure remains bearish, the current support and liquidity area could provide an opportunity for a short-term bullish recovery. The key is to observe how price reacts around support rather than predicting the next move without confirmation. Patience, market structure, and proper risk management should remain the priority. Educational Disclaimer: This analysis is for educational and technical research purposes only, not financial advice or a guaranteed trading signal. All projected movements are hypothetical scenarios. Always wait for confirmation, define your invalidation level, use a suitable stop-loss, and manage risk responsibly.