On the H4 chart of EUR/USD, the market has been carving a descending channel since the mid‑June rally to 1.1462. The last four candles have slipped from a high of 1.1441 to a low near 1.1413, with decreasing bullish volume and a clear contraction on the upward moves, indicating waning buying pressure. Key resistance sits just above 1.1460, where the last strong bullish candle closed with a volume spike of 13,672, but the subsequent candles failed to retest that level. Meanwhile, support around 1.136‑1.132 has held multiple times, providing a solid floor for a downside swing. The price is now…

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