The EURUSD pair rose during the day on Monday, as we continue to find buyers in this market.

We are broken above the top of the shooting star from Friday, so it does look very bullish, and as a result we feel that the EUR/USD pair will more likely than not reach towards the 1.14 level.

Pullbacks will continue to be buying opportunities on short-term charts, and eventually we feel that this market will probably make a serious attempt at reaching the 1.15 level.

It will be choppy though, and as a result it’s likely that the short-term traders will continue to be attracted to this particular pair.

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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