The EURUSD pair initially fell during the session on Wednesday, but ended up bouncing in order to form a fairly positive candle.

We are still stuck between the 1.36 handle and the 1.37 handle, so we are not necessarily interested in this pair at all currently.

The market seems to be very tight at this point in time, and quite frankly we feel the plane the Euro or the Dollar will be easier against other currencies, keeping us out of this pair for the time being.

We will however, use this market to gauge Euro strength or weakness against other currencies.

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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