While the US votes are being counted, Joe Biden declared himself the new president. Donald Trump is preparing lawsuits for suspending the counting of votes. The US unemployment rate declined on Friday from 7.9% to 6.9%. EURUSD is on bullish momentum. The EMA of 10 is moving in bullish bias within the ascendant channel and it is above the EMA of 100 and 200.
The support rests at 1.18570 with resistance at 1.19060. While indicators are all showing upward trend, EURUSD is trying to consolidate within the support and resistance lines.
Considering the bullish scenario, buyers can expect the upper Bollinger band at 1.19400.
