The EUR/USD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level. With this, the market then reached towards the 1.11 handle, but found a bit of resistance. With this, we believe that the market continues to bounce around between the 1.09 level on the bottom, and the 1.11 level on the top. Currently though, this is a very choppy and difficult market to deal with so any trading you do get involved with should be short-term and small. We have no interest in placing longer-term trades at the moment, and believe that we will continue to consolidate overall.
