2015-09-10_00-21-15eurusd

The eurusd 1 hour chart is showing signs of sideways price action.

If the upper yellow boundary is not broken and if price prints a nice reversal candlestick pattern then a short trade might be taken.

The target would be the lower yellow boundary for the short move.

If on the other hand the upper boundary is broken then we should take a long position targeting the next upper blue resistance area.

Best of PIPS

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