After making a rapid advance two days ago the currency exchange rate entered into consolidation phase, fluctuating between the 1.1837 support and the 1.1860 resistance levels. As the United States are having Thanksgiving holidays and there are scheduled no fundamental data releases in Europe, the pair is not expected to make any active movements today as well. In support of this assumption, the southern side remains protected by combined support formed by the monthly R1 and the 50% Fibonacci retracement level, while the northern side contains other barriers near the 1.1874 and 1.1860 marks. But, in general, the Euro is expected to continue gaining value against the Dollar in one-month long ascending channel and heading towards the 1.2000 level.
