There is a multiple-bar pattern formed under the 1.2675 . A breakdown of the low of the pattern could potentially lead the price lower in today's New York session. Note that the is getting higher as shown by the (ATR) indicator, which is good for a breakdown of this pattern. The indicator is showing the price is currently in overbought territory which adds fuel to the bears. The long term trend is still down as the short term moving averages (10 and 20 period) are still below the long term moving averages (50,100 and 200 period) and the Tenken-sen is below the Kijun-sen as well. With all the indicators suggesting the price will decline, we could potentially have great selling opportunities in today's New York session.