EUR 18 July good candles should follow through

EUR has now had 2 hammers after a strong positive engulfing close at the lows. The failure to follow through should raise questions. The 1 June low maybe providing a R level.

Yesterday 1hr also showed divergence, lots of upper wicks rejecting a break up through the R level. Depending on how you view the Asian pa yesterday you could still argue the higher high, higher low waves in tact.

Could go either way today.