The Euro broke below the Jan/May double bottom at 1.26 and is now underneath but trying to re-clear this important resistance pt. So far no cigars.....Price would need to clear AND hold above 1.26 to suggest a possible base building pattern. If cleared price would once again be trapped in this congestion zone above. Lots of work ahead for EC. Only clearing that congestion area would suggest a reversal in trend of some strength.