On the EURUSD M15 chart, the market has been negotiating a descending range since the early July session. Recent candles show a failed attempt to breach the 1.1470‑1.1475 resistance zone, with the high at 1.14746 being met by low volume (under 200 contracts) and a quick reversal into the 1.1465 area. The price action has produced a series of lower highs and higher lows, indicating bearish momentum and a tightening channel. Volume spikes around the 1.14578‑1.14592 candle (over 3,000 contracts) confirmed a strong sell‑off, while subsequent candles exhibit diminishing participation, suggesting the sellers are in control but the rally lacks…

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