EURUSD 11/07 H4: Recovery or Rejection?

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#EUR/USD# EURUSD 11/07 H4: Recovery or Rejection?

EURUSD has shown signs of recovery after defending the recent swing low, allowing buyers to reclaim short-term structure and establish a sequence of higher lows. While bullish momentum has improved, price continues to trade beneath the descending trendline and the major H4 Order Block, meaning the broader market has yet to confirm a meaningful shift in structure.

The current recovery appears to be targeting the 1.1475–1.1480 Buy-Side Liquidity, which represents the next key reaction area. As long as buyers continue defending the ascending trendline, the recovery remains technically constructive. However, reclaiming liquidity alone would not confirm a larger bullish continuation without sustained acceptance above higher-timeframe resistance.

For now, buyers have regained momentum.

The real test begins as price approaches overhead supply.

📍 Currently

• Price continues to respect the ascending trendline

• Higher lows suggest improving short-term momentum

• Recent CHoCH favors buyers on H4

• Buy-Side Liquidity rests around 1.1475–1.1480

• Major H4 Order Block remains at 1.1600–1.1620

• The descending trendline continues to define the broader structure

• A pullback into trendline support remains a valid scenario before another attempt higher

📈 Trading Plan

Bias: Bullish Recovery Within a Higher Timeframe Bearish Structure

🎯 Main Zone

• 1.1405–1.1420 → H4 Trendline Support

💡 Execution Idea

As long as price continues respecting the 1.1405–1.1420 trendline support, buyers may extend the recovery toward the 1.1475–1.1480 Buy-Side Liquidity.

If buyers can establish acceptance above this liquidity zone, the next objective could shift toward the descending trendline and the 1.1600–1.1620 H4 Order Block. However, rejection from overhead resistance or a confirmed loss of trendline support would increase the probability of a deeper corrective pullback.

🎯 Targets

→ TP1: 1.1450 → Recent Swing High

→ TP2: 1.1475–1.1480 → Buy-Side Liquidity

→ TP3: 1.1500 → Psychological Resistance

→ TP4: 1.1600–1.1620 → H4 Order Block

❌ Invalidation

A confirmed H4 candle close below the 1.1405–1.1420 trendline support would weaken the current recovery structure and increase the probability of sellers regaining control.

💭 Key Insight

Price often recovers toward liquidity before revealing its true intention. A move into higher-timeframe supply is where buyers must demonstrate acceptance—not simply reach resistance. Until that happens, the current advance is better viewed as a developing recovery rather than a confirmed trend reversal.

❓Key Question

Is EURUSD building a genuine higher-timeframe reversal, or simply retracing into premium before sellers return?

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