The EURUSD pair fell during the day on Tuesday, slamming into the 1.14 handle.

This was the scene of significant resistance previously, so it should now be support. If we can break back above the 1.15 level, we feel that this market continues to go higher and the uptrend continues.

On the other hand, if we break down significantly below the 1.14 level, we will then go looking for support at lower levels.

Alternately, the one thing you can count on in this pair is going to be volatility, especially as liquidity comes back into the marketplace from the summer break.

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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