EURUSD is trying to find some consolidation after the high volatility of the market deriving from the US election results. Today European Central Bank President gives a speech which might be the only influential factor for EURUSD. EUR is expected to face a decline due to a new wave of pandemic.
The support holds 1.18020 with resistance at 1.18470 which both lines are above the weekly pivot point at 1.17900. The indicators are showing mixed signals. ADX and Stochastic are remaining bullish while MACD is showing downward pressure. The RSI is staying neutral.
Considering the bearish scenario, sellers can expect the price to hit the lower Bollinger band at 1.17800.
