Whoever is trapped in the circled bar could be short-squeezed indefinitely. The dip into the candle did not happen until the last FX hour on Friday. Could see a major rejection here.

Do you see the 3x BB out prints at the top? Those 3 fractals were outside the 30, 120, and 240 Bollinger Bands by 5+ pips. Not exactly a sign of weakness.

It took forever to descend back into the 1.0360-1.0350 range. It almost seemed like it may not even happen.

After 3 marginal lower lows, a liquidity break was necessary first to eke out a few more pips on the downside.

This tells you that the holdings are severely short the dollar and long the Euro.

The move down was a thrust down. It may or may not have finished yet. The market maker could make this gap if on the open the order book shows having to go short, but be aware, that any more downside may be a gift.