There's an pattern formed on EUR/USD which could potentially lead the price lower in today's New York session. The is near overbought territory but ideally we would like to see it to be in an overbought condition. The ( ) and ( ) are in a neutral position, while the indicator isn't supporting the price to move lower, which might decrease the probability of this setup. is still below the zero line and the long term trend is still down as the short term (10 and 20 period) continue to stay below the long term (50,100 and 200 period). The volatility is slowing down though as we could see through the (ATR) indicator. A break through low of the pattern will trigger selling opportunities in today's New York session and the lower band of the could serve as a target for sellers to take profits.