The EURUSD pair went back and forth during the course of the session on Thursday, forming a fairly neutral candle.

It does look a bit like a market that is trying to find some type of support, and if we can get either a supportive candle, a bounce, or more importantly a break above the top of the range for the session on Thursday, the market should then try to reach towards the 1.14 handle.

At this point in time, we have no real interest in selling this market, there’s far too much in the way of support below.

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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