EURUSD (H1) – Key Support Reaction & Recovery ScenarioEUR/USDOANDA:EURUSDPhoenixFX16📊 EURUSD (H1) – Key Support Reaction & Recovery Scenario 🔍 Analysis: • EURUSD experienced a strong bearish breakdown after failing multiple times at the main resistance zone, confirming heavy selling pressure from institutional sellers. 🔴📉 • The market rejected the upper resistance area several times, forming lower highs and showing clear weakness before the sharp impulsive sell-off. 🚫⬇️ • Price has now reached a significant demand/support zone, where buyers immediately stepped in and defended the level, creating a noticeable rejection wick. 🛡️📈 • The highlighted support area appears to be a liquidity zone where sell-side liquidity has already been swept, increasing the probability of a short-term bullish correction. ⚡🎯 • As long as price remains above the current support region, a recovery toward the Resistance + Support Flip Zone remains the most likely scenario. 🔄📊 🎯 Targets: • 1st Target: Resistance + Support Flip Zone 🎯 • 2nd Target: Main Resistance Zone 🚀 • 3rd Target: Previous Supply Area 📈 ⚠️ Invalidation: • A confirmed H1 candle close below the current support zone would invalidate the bullish recovery setup and could trigger further downside continuation. ❌📉 📈 Bias: Bullish Recovery 🟢 💡 Market Insight: The recent sell-off appears overextended, and the strong reaction from support suggests buyers are attempting to regain control. A successful reclaim of the mid-level resistance zone could accelerate bullish momentum toward the major resistance area. 🚀🔥