The Euro made new selloff lows in mid July and has bounced back to an important resistance 'area'. Price is presently bumping up against its one year downtrendline but more importantly this 1.26 to 1.28 zone has proved to be a congestion area that price gets "stuck in" many times over the last 8 years. Even clearing the downtrendline wont likely see the Euro breakout and rally strongly. And above this congestion area is even more resistance all the way to 1.35. Lots of work and time to do it in ahead for the Euro according to this chart. Mario Draghi makes his big speech Thursday and should have an effect on the Euro which trades inverse to the U.S.$ which trades inverse to most markets. Should see some fireworks this week. And Friday is the employment report and the following Wed and Thursday is the FOMC meeting regarding interest rates etc. Many market moving events dead ahead with a bunch of psychopathic hyped up traders with their fingers on the buy/sell buttons. Good luck with the trading. Everyone in a postion is going to need a lot of it..................