EURUSD is setting up for a bigger move either way. The FOMC meeting will probably have a big impact on this decision. The price is generally oscillating in a triangle since late 2008. This would imply more bullish months from here, back up to the downtrending line of Highs. The decider for a long or short will be the next 1-2 weeks as you can see the price is currently in the support area.
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