The EURUSD pair fell slightly during the course of the day on Wednesday, as we continue to see quite a bit of volatility in this choppy market.

However, we still have plenty of support just below, so at this point in time we feel that the market very well could bounce.

At this point though, it looks like we are going to continue to see in of choppiness to keep us away from this marketplace right now.

Given enough time, we think that this market will probably try to bounce towards the 1.15 handle, but right now it doesn’t seem to be happening very quickly.

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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