The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.

However, we see a significant support region at the 1.35 handle, so we are simply waiting to see this market will test that area and find buyers.

With that, we would be very interested in going long on a supportive candle, but we do not have it at the moment obviously.

We are still in the middle of the consolidation area in general, so we feel that staying out of the market is probably going to be the way to go at the moment.

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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