EUR summary 20 July

Yesterday morning around 6.30 London time we posted that EUR bias was down for the day. Reasons being the daily candles at a resistance level, 4hr shooting stars and sell divergence (back into trend so much lower risk divergence trade), 1hr flow of funds i.e. higher low, higher high appeared to have been broken.

From there it was a waiting game for candles to fall in line. When the 1hr move up failed, see arrow up, and followed with a lower high negative close the set up to sell was confirmed