EURUSD Update — July 31, 2026EUR/USDOANDA:EURUSDWeiL9295DXY trade went accordingly. Now to plan ahead. Monthly (Big Picture) July closing below the FVG above (~1.155–1.160) — FVG remains open and unmitigated HTF downtrend intact — monthly FVG below (~1.10) remains the longer term target Monthly close today sets up August as the key month to watch Daily/Weekly Expecting August to sweep PMH + push into the IRL FVG above (~1.155–1.160) That sweep is the setup — not the entry Need to see a BOS confirmation after the sweep before considering any short Entry Framework Waiting for 1HR + 4HR confluence post sweep No entry until BOS is confirmed on LTF Exact timing within August unknown — patience is the play Invalidation Monthly close above FVG (~1.160+) delays thesis but does not flip bias HTF downtrend structure remains intact regardless Bias: Bearish — awaiting August sweep of PMH + IRL FVG, then BOS confirmation for short entry targeting monthly FVG ~1.10