The EURUSD pair initially fell during the day on Tuesday, but found support yet again as the market looks like it is trying to find enough support to turn things back around.

If we can break above the top of the range for the session on Tuesday, we feel that the market should then head towards the 1.13 level.

We have no interest in selling, at least not until we get well below the 1.11 handle, which should be massively supportive.

Regardless though, what we can count on is choppiness.

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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