The EURUSD pair fell a bit during the course of the session on Monday, but found enough support later in the day to turn things around and form a somewhat significant rally by the time the market close.

With this, it looks like we’re going to simply grind away sideways and continue to be very volatile.

With that being the case, we don’t have any interest in trading this market right now as there is more than enough volatility to keep us concerned and of course look for opportunities in other markets.

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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