Eur/Usd Technical Analysis, Is the Euro setting up for a fall?

I just noticed this monster four hour bar rejection candle on the Eur/Usd Forex Pair. It has a very long tail, which looks like a lot of stops were taken out near the 1.3300 level. Considering the size of this bar I seem very possible that a move south may develop in the coming few hours of trading. It may be wise to wait for strong bear momentum near the bar low @ 1.3222 before making any trading decisions. Enjoy!