I tried it in my local network, avoiding the internet for testing the VPN.
Using the same file, just local IP for the Server
The Log gives me some more promising information, but still doesn't connect.
FYI:
2022-05-30 17:52:20 --cipher is not set. Previous OpenVPN version defaulted to BF-CBC as fallback when cipher negotiation failed in this case. If you need this fallback please add '--data-ciphers-fallback BF-CBC' to your configuration and/or add BF-CBC to --data-ciphers.
2022-05-30 17:52:20 OpenVPN 2.5.6 Windows-MSVC [SSL (OpenSSL)] [LZO] [LZ4] [PKCS11] [AEAD] built on Mar 16 2022
2022-05-30 17:52:20 Windows version 10.0 (Windows 10 or greater) 32bit
2022-05-30 17:52:20 library versions: OpenSSL 1.1.1n 15 Mar 2022, LZO 2.10
2022-05-30 17:52:20 MANAGEMENT: TCP Socket listening on [AF_INET]127.0.0.1:25340
2022-05-30 17:52:20 Need hold release from management interface, waiting...
2022-05-30 17:52:20 MANAGEMENT: Client connected from [AF_INET]127.0.0.1:25340
2022-05-30 17:52:20 MANAGEMENT: CMD 'state on'
2022-05-30 17:52:20 MANAGEMENT: CMD 'log all on'
2022-05-30 17:52:20 MANAGEMENT: CMD 'echo all on'
2022-05-30 17:52:20 MANAGEMENT: CMD 'bytecount 5'
2022-05-30 17:52:20 MANAGEMENT: CMD 'hold off'
2022-05-30 17:52:20 MANAGEMENT: CMD 'hold release'
2022-05-30 17:52:20 TCP/UDP: Preserving recently used remote address: [AF_INET]192.168.120.254:1194
2022-05-30 17:52:20 Socket Buffers: R=[65536->65536] S=[65536->65536]
2022-05-30 17:52:20 UDP link local: (not bound)
2022-05-30 17:52:20 UDP link remote: [AF_INET]192.168.120.254:1194
2022-05-30 17:52:20 MANAGEMENT: >STATE:1653925940,WAIT,,,,,,
2022-05-30 17:52:20 MANAGEMENT: >STATE:1653925940,AUTH,,,,,,
2022-05-30 17:52:20 TLS: Initial packet from [AF_INET]192.168.120.254:1194, sid=49c8b572 dd316487
2022-05-30 17:52:21 VERIFY OK: depth=1, CN=Easy-RSA CA
2022-05-30 17:52:21 VERIFY KU OK
2022-05-30 17:52:21 Validating certificate extended key usage
2022-05-30 17:52:21 ++ Certificate has EKU (str) TLS Web Server Authentication, expects TLS Web Server Authentication
2022-05-30 17:52:21 VERIFY EKU OK
2022-05-30 17:52:21 VERIFY OK: depth=0, CN=server
2022-05-30 17:52:31 [server] Inactivity timeout (--ping-restart), restarting
2022-05-30 17:52:31 SIGUSR1[soft,ping-restart] received, process restarting
2022-05-30 17:52:31 MANAGEMENT: >STATE:1653925951,RECONNECTING,ping-restart,,,,,
2022-05-30 17:52:31 Restart pause, 5 second(s)