The EURUSD pair fell during the course of the session on Tuesday, but still above the 1.35 handle. This is the area that we believe should be the absolute “floor” in this market, and because of that we are actually waiting to see if we get a supportive candle in order to start buying.

That being the case, we are going to be on the outside looking in until we test the 1.35 level.

On a close below there, we would be sellers that the market should head much further to the downside.

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