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Forecast update for EURUSD -02-11-2026
The EURUSD pair extended its gains in recent intraday trading, successfully breaking above resistance at EMA50, while also breaching a minor descending trend line over the short term. This has allowed the pair to shake off the surrounding negative pressure and paves the way for further gains in the near term.
This positive outlook is reinforced by bullish signals emerging from the relative strength indicators, following the pair's successful recovery from overbought conditions, giving it greater room to move higher.
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Coffee prices resist negative pressure – Forecast today – 2-11-2026
Coffee prices attempted to withstand the negative pressure resulting from negative momentum signals across the main technical indicators, while trying to hold above the additional support level at 283.80. This forced the price to move sideways in mixed trading, as appears on the attached chart.
MoreThe EURJPY holds above support – Forecast today – 2-11-2026
The pair ended its latest bearish wave after testing the support level at 174.95 and settling above it, delaying the bearish pressure, to form strong bullish corrective move, by reaching around 176.50.
MoreThe GBPJPY remains below resistance – Forecast today – 2-11-2026
The pair took advantage of the Stochastic indicator’s positive momentum to form a new series of bullish corrective waves, reaching around 211.50. This keeps the pair within its main bearish trend, which remains intact as long as the resistance level at 212.00 holds.
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