The EURUSD pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a massive shooting star.

Having said that, there is a lot of support just below the 1.1250 level, and as a result a supportive candle could turn this market right around to bounce back to the top of the candle for the Thursday session, and as a result it looks as if we may see quite a bit of choppiness but short-term traders may find this a great market to be involved in.

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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