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26.10.202014:32 Forex Analysis & Reviews: EUR/USD analysis for October 26 2020 - Watch for the breakout of the balance and potential upside continuation

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Germany October Ifo business climate index 92.7 vs 93.0 expected

Prior 93.4; revised to 93.2

Expectations 95.0 vs 96.5 expected
Prior 97.7
Current assessment 90.3 vs 89.8 expected
Prior 89.2

Slight delay in the release by the source. The headline marks the first drop in German business morale in six months, with the expectations component also falling amid the resurgence in virus cases dampening economic prospects in the region.

Further Development

Analyzing the current trading chart of EUR/USD, I found that tthere is consolidation and the balance regime, which is sign of netural market.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Natural Gas and VIX today and on the bottom Heating Oil and Lumber.

EUR slightly negative on the relative performance list but with the decrease on the momentum.

Key Lvels:

Resistance: 1,1865, 1,1915 and 1,2000

Support level: 1,1785

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