EURUSD buyers take the price to new highs and approaches a cluster of resistance

The EURUSD is continuing its move to the upside despite stronger services ISM nonmanufacturing data today. Employment moved higher as well. New orders were lower and prices paid was lower as well.

Of course the election voting is ongoing with the results still hours aways starting with Georgia, one of the epicenters from 2020 election one of the 1st states to close the polls.

• Georgia
• Indiana (Polls close at 6 p.m. ET in the 80 counties in Eastern time zone)
• Kentucky (Polls close at 6 p.m. ET for the 79 counties in the eastern part of the state)
• South Carolina
• Vermont
• Virginia

North Carolina and Ohio, key swing states will close polling stations at 7 PM ET (still over 3 hours from now). Trump spent yesterday in the state of North Carolina – a state that he won 49.9% to 48.6% in 2020.

• North Carolina
• Ohio
• West Virginia

At 8 PM, with Florida and Pennsylvania the focus.

• Alabama
• Connecticut
• Delaware
• District of Columbia
• Florida (Polls in Eastern time zone close at 7 p.m. ET; part of Panhandle are in Central time zone)
• Illinois
• Maine
• Maryland
• Massachusetts
• Mississippi
• Missouri
• New Hampshire
• New Jersey
• Oklahoma
• Pennsylvania
• Rhode Island
• Tennessee

At 9 PM, Arizona, Michigan and Wisconsin are the key swing states to close.

• Arizona
• Colorado
• Iowa
• Kansas (Polling locations close at 8 p.m. ET in all except four counties in the west)
• Louisiana
• Michigan (Polling locations close at 8 p.m. ET in all except four counties)
• Minnesota
• Nebraska
• New Mexico
• New York
• North Dakota (Polls close at 8 p.m. ET in all but eight counties)
• South Dakota (Polls close at 8 p.m. ET in the east)
• Texas (Polls close at 8 p.m. ET for most of the state except three counties in the west)
• Wisconsin
• Wyoming

Technically, the price is moving closer to a cluster of resistance defined by the 38.2% retracement of the move down from the end of September high at 1.09345, the 100-day moving average at 1.09404, and above the 200 bar moving average of the 4-hour chart at 1.09555. Getting above that area would have traders looking toward the 50% midpoint of the same move lower and 1.0988 followed by a swing area between 1.1001 and 1.10145.

Holding resistance against the cluster of resistance would give sellers the go-ahead to push back to the downside. Ultimately, a move below the 200-day moving average of 1.0869 would need to be broken to increase the bearish bias.

This article was written by Greg Michalowski at www.forexlive.com.