On the M15 chart of EUR/USD the market has been carving a descending channel since the high of 1.1655, but the last three candles have shown a clear shift in momentum. After a steady decline to the 1.1600 area, the price found a firm floor around 1.1596‑1.1598, where the candle of 1.15984‑1.16001 closed marginally higher on modest volume, indicating reduced selling aggression. The bullish bias is reinforced by a rising low‑low pattern and a subtle bullish engulfing on the 1.16063‑1.16048 candle, while volume spikes earlier in the session (over 1,200 contracts) confirm that the previous down move was driven by…

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