London Session Watch EURUSD

FX:EURUSD   Euro / U.S. Dollar

• The inside bar candlestick pattern that we covered last Friday has successfully pushed the price down and hit our target.
• The long term trend is still down.
• There's high impact news later today, any open positions should be treated with care to avoid any whipsaws that might be caused by the news.
• Another inside bar candlestick pattern formed at the current price level which might lead EURUSD lower.
• The significant decline over the last two days might cause the pair to pause for awhile before continuing.