The EURUSD pair had a fairly quiet session during the day on Wednesday, even though we had an interest-rate hike in the United States.

After all, the market had already anticipated this. With that being said, there was in a whole lot to do, and therefore it appears as if this market will continue to grind in the same general vicinity that we have seen for some time now.

At this point in time, we believe that it’s probably best to stand on the sidelines in the EUR/USD pair, as choppiness continues to be a major issue.

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.

Content curiosity of FOREXCycle