The EURUSD pair initially fell during the day on Wednesday, but turn right back around to form a fairly bullish candle.

Because of this, it looks as if the Euro is trying to reach towards the 1.15 level above, which has been massively resistive in the past.

We don’t have any interest in selling, we think that there is more than enough support below and of course bullish pressure to continue to offer buyers every time this market pulls back.

Eventually, we could break above the 1.15 level which of course would be a longer-term “buy-and-hold” type of situation.

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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