Looking at EURUSD Chart, we can see the quick climb from 1.123 to 1.132 on the 27th of November and a correction the next day causing the return to 1.126 which held twice its ground, claiming it as support on the 30th of November. Then followed a surge from that same support of 1.126 to 1.138, however, there was an imminent drop on the 1st of December down to 1.126 erasing all the previous gains. Nonetheless, it managed to climb up to the 1.132 price range where it consolidated the past few days, having problems breaching the 1.135 overhead resistance level. It is currently found trading at 1.128 price range having its closest support level at 1.126.
Today, we could expect an attempt to move closer to the 1.126 support level due to the correction on December 1st which may have spiked negative short-term momentum.
However, if it manages to hold on to the current level, then a case for a move towards the 1.134 resistance level can be expected.
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