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Short

New York Session Watch EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
There's a pin bar candlestick pattern followed by a cluster of inside bar candlestick patterns printed on the EUR/USD             chart. This combination of bearish candlestick patterns may lead the price lower in today's New York session. Note that when the pin bar candlestick pattern was formed, the Commodity Channel Index ( CCI ) 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 support level is at 1.2870 and resistance level at 1.3000. With all that being said, we could potentially have selling opportunities in today's New York session.
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