The EURUSD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December.

Nonetheless, I think that it will be volatile so you’re going to have to be able to deal with the line of choppiness to the upside.

A break above the 1.0750 level since this market higher, and in the meantime if you are not already long of the market, a supportive candle could be the signal you’re looking for on short-term charts. Alternately, if we break down below the 1.0650 level, we will probably reach towards the 1.06 handle underneath.

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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