The EUR/USD pair went back and forth during the course of the session on Thursday, as we continue to look very volatile.

That being the case, the market continues to be very difficult to trade overall, as we see the 1.13 level above offers resistance, and the 1.11 level below offers support.

Ultimately, we think that the market is only going to be able to be traded by short-term traders in the meantime, so we feel that you will have to look to very short-term charts in order to place any trades in this range.

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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