In spite of very low fundamental news today, EURUSD confidentially performed a bullish trend on Monday. Even according to the H4 technical indicators, the EURUSD continues upward trend in the next few days.
After very harsh movement in 3rd of December, the price is still testing the channel. After touching 38.2% Fibonacci level twice, now it is starting to go up and test resistance level around 1.11 (1.10-1.12) again.
A certain movement over resistance will indicate the presence of buyers and if the upward movement will be confirmed then touching 1.1125 is expected. Volume is expected to be light, due to near future New Year holidays but still sentiment of market seems to be set by buyers more than sellers.