The Euro currency futures market has seen a price downtrend line negated as price action the past three weeks has been sideways and choppy at lower levels. The recent sideways trading begins to suggest that a market bottom is in place for the Euro. However, the bulls need to show more power soon and produce an upside “breakout” from the sideways trading range to gain the technical power to then suggest a price uptrend can be sustained. Right now the bears still have the firm overall near-term technical advantage. Stay tuned! Jim Wyckoff