New York Session Watch EURUSD

FX:EURUSD   Euro / U.S. Dollar
EUR/USD has been trading within the inside bar candlestick pattern throughout the Asian and early London session. The long term trend is still bearish as the Tenken-sen is still below Kijun-sen and the short term moving averages (10 and 20 period) are still below the long term moving averages (50,100 and 200 period). The stochastic is showing this market is overbought as well which add fuels to the bears. Note that there's a pin bar candlestick pattern which is also a false break of the inside bar candlestick pattern. This could lead the price lower in today's New York session creating selling opportunities for traders
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