From the Euro 1H chart on the left, look at the 2 areas on the chart circled in red, we can see a 'gap' formed. This gap was formed when the market re-opened on Sunday evening (EST). Most probably the cause of the gap is due to news reported on the weekends, and having an effect on the currency rate when the market was closed.
We will be able to have a better look on the gap with the 15M chart. The news that were reported while the market was closed led to an uncertainty on the trend that would be formed when the market re-opens. Therefore, traders would usually avoid keeping their trades open over the weekend, knowing the risk and uncertainty they will be facing.
*Look at the red trendline on Friday's market.
If anyone has entered short he would have earned a neat 200 pips or even more. But this sudden great fall was not supported by any news given in ForexFactory.
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