We had some potential signs of a in July 2015 with a breakout of the range (highlighted by the to the left. We had a re-test of the range and then a further move signifying a potential long move. Unfortunately price touched the 1.09800 area (highlighted by the 2nd blue line) and could not break it, creating a sideways market.
Now recently we have just seen a breakout from the range again and hopefully we can get a breakout of the 1.09800 area and a clear close on the WEEKLY time frame confirming the breakout and new highs.
If this happens I would seriously consider monitoring price action around the small to take this position LONG as previous structure is considerably above at 1.20000.
LETS KEEP AN EYE ON THIS ONE