There's a pattern followed by a cluster of patterns printed on the EUR/USD chart. This combination of patterns may lead the price lower in today's New York session. Note that when the pattern was formed, the ( ) was showing a overbought situation which adds odds for the short sellers. The long term trend is still down as the short term moving averages (10 and 20 period) continue to stay below the long term moving averages (50,100 and 200 period). The current is at 1.2870 and at 1.3000. With all that being said, we could potentially have selling opportunities in today's New York session.