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Consider short positions from corrections below the level of 1.1496 with a target of 1.1120–1.0895.
Breakout and consolidation above 1.1496 will allow the pair to continue rising to the levels of 1.1790–1.2088.
On the weekly time frame, an ascending wave of larger degree B is developing, with wave (A) of B forming as its part. On the daily time frame, the third wave 3 of (A) is apparently unfolding. Within it, wave i of 3 has formed and a downward corrective wave ii of 3 is unfolding. Wave (c) of ii is developing on the H4 time frame, with the third wave of smaller degree iii of (c) developing inside. If the presumption is correct, EUR/USD will continue to decline to the levels of 1.1120–1.0895. The level of 1.1496 is critical in this scenario. A breakout above it will allow the pair to continue rising to the levels of 1.1790–1.2088.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
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The major support zone is $4,319.61 to $4,230.51. It has been tested successfully three times since early September. The first resistance zone is $4,384.59 to $4,405.59. Sitting inside this zone is the main top at $4,399.67.
Trader reaction to the resistance cluster at $4,317.93 to $4,319.61 is likely to set the tone on Friday. A sustained move over $4,319.61 could generate the upside momentum needed to challenge $4,384.59 to $4,405.59. A sustained move under the 50-day MA would indicate that sellers are still in control with $4,230.51 the next potential target.
Gold has buyers after a third successful test of the support zone since early September. The 50-day at $4,317.93 and the 50% level at $4,319.61 are sitting directly above the market. That cluster is where Friday’s session gets decided.
The dollar eased Friday but is still up more than 1% for the week with back-to-back weekly gains. Treasury yields are off Thursday’s highs without reversing the move. Crude is lower on the Hormuz-talks headline. Gold is bouncing on the combination. University of Michigan and durable-goods data are the next inputs. The bond market has been repricing on strong numbers all week. Friday’s data tells the market whether the repricing continues or the week ends with a pause.
If you’d like to know more about how to trade gold, please visit our educational area.
EURJPY saw some mixed trading yesterday; however, its repeated stability below the barrier at 180.80 confirms the bearish path, with the pair currently slipping toward 179.75. Moreover, the continued alignment of the main indicators in providing negative momentum will increase the chances of resuming the bearish attack, with expectations of renewed pressure on the barrier at 179.45. Breaking below this level would pave the way for additional bearish targets at 178.60 and 177.80, respectively.
The expected trading range for today is between 178.60 and 180.80
Trend forecast: Bearish
Copper price continues to lack positive momentum, as it posts further negative closes below the established barrier at $6.7400, forcing it to incur some losses and slip toward $6.6200.
The continued conflict between the main indicators confirms that the price is currently succumbing to a temporary corrective path, increasing the chances of slipping toward the additional support extending to $6.5100. Meanwhile, breaking above the barrier and holding above it would increase the chances of recording further gains, potentially starting at $6.9300.
The expected trading range for today is between $6.5100 and $6.7500
Trend forecast: Fluctuating
GBPJPY remains affected by the stability of the barrier near 210.40, prompting the pair to form some negative trades and currently target the 208.80 level. We note that the availability of negative momentum will increase the chances of soon attacking the additional support at 208.10, which, if broken, would push the pair to resume its bearish pressure, directly targeting 207.40 and then 206.80.
Meanwhile, failure to break below 208.10 would force the pair into mixed trading, with an opportunity to renew pressure on the barrier at 210.40, which in turn represents the key level for confirming the expected direction of trading in the near and medium term.
The expected trading range for today is between 208.10 and 210.00.
Trend forecast: Bearish
Platinum price remains affected by negative pressure, driven by the main indicators aligning to provide additional negative momentum, while the $1,840.00 level continues to form a strong barrier against recent attempts, prompting the price to resume its negative fluctuations and stabilize near $1,740.00.
We expect the price to continue moving sideways; however, its continued stability above the support at $1705.00 may give it an opportunity to renew its bullish attempts, pushing toward $1790.00 before resuming pressure on the aforementioned barrier.
The expected trading range for today is between $1710.00 and $1775.00
Trend forecast: Bullish
EUR/JPY has pared back its recent gains from the previous day, trading around 180.10 during Asian hours on Friday. Technical analysis of the daily chart shows that the currency cross continues to trade within a descending channel pattern, pointing to a persistent bearish outlook.
The EUR/JPY cross is retaining a bearish near-term bias as it holds below the 50-day Exponential Moving Average (EMA). Price sits directly on the nine-day EMA, turning it into a short-term pivot, while the 14-day Relative Strength Index (RSI) at 42.47 remains below the neutral 50 mark, which suggests lingering downside pressure rather than a decisive recovery.
The EUR/JPY cross is testing the immediate support at the nine-day EMA of 180.12. A successful break below the short-term price average would reinforce the bearish bias and put downward pressure on the currency cross to navigate the region around the lower boundary of the descending channel at 177.00, followed by an 11-month low of 175.70, recorded in November 2025.
On the upside, a rebound above the nine-day EMA could cause the bullish reversal and support the currency cross to test the 50-day EMA at 182.31. Further resistance lies at the upper boundary of the descending channel around 184.80, followed by the all-time high of 187.95 set on April 17.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.09% | 0.06% | -0.27% | 0.07% | -0.02% | 0.17% | 0.17% | |
| EUR | -0.09% | -0.03% | -0.36% | -0.01% | -0.10% | 0.07% | 0.07% | |
| GBP | -0.06% | 0.03% | -0.33% | 0.02% | -0.06% | 0.11% | 0.11% | |
| JPY | 0.27% | 0.36% | 0.33% | 0.37% | 0.26% | 0.45% | 0.44% | |
| CAD | -0.07% | 0.01% | -0.02% | -0.37% | -0.11% | 0.08% | 0.08% | |
| AUD | 0.02% | 0.10% | 0.06% | -0.26% | 0.11% | 0.18% | 0.18% | |
| NZD | -0.17% | -0.07% | -0.11% | -0.45% | -0.08% | -0.18% | 0.00% | |
| CHF | -0.17% | -0.07% | -0.11% | -0.44% | -0.08% | -0.18% | -0.00% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Coffee (KC) is trading at USX276.45, showing a slight gain for the day. The price holds above its short-term moving averages while remaining below medium- and long-term trend measures.
Real-time Data
15:00
278.80
Technical buying emerged in the coffee futures market after pronounced weakness over the previous three weeks, according to Inkl. The renewed participation followed a period of steep declines, positioning market activity for a short-term response to previous selling. This rotation in sentiment reflects ongoing sensitivity to technical factors influencing trading volumes.
The MA-20 at USX275.61 sits just below the current price, while the MA-50 at USX282.03 and MA-200 at USX306.4 remain overhead as key resistance levels. The Ichimoku Kijun at USX277.6 provides immediate resistance. Momentum indicators are mixed: MACD signals strong sell, ADX points to sell, and RSI at 47.36 remains in bearish territory. Stochastic RSI and Bull/Bear Power indicate overbought conditions, while CCI and Awesome Oscillator remain neutral. Intraday volatility is moderate and price is trading mid-range for the session, with technical signals diverging between overbought readings and persistent selling pressure.
Looking ahead, Coffee is expected to consolidate between USX270.37 and USX282.53, a typical volatility band relative to current levels. An upside scenario would require a breakout above the Ichimoku Kijun at USX277.6, potentially targeting the upper end of the range near USX282.53. Alternatively, failure to hold support may trigger further downside toward USX270.37, with the probability of such a move currently assessed at 71%.
Earlier, analysts noted that coffee futures were exhibiting strong downside momentum with elevated risk for further declines. The current analysis confirms that prevailing bearish signals remain in place, and traders should monitor the USX277.6 Ichimoku Kijun level as a pivot for potential near-term direction.
Rabobank has lowered its one-month Euro forecast from 1.16 to 1.14, while retaining a three-month recovery target of 1.16.
The Euro to US Dollar exchange rate (EUR/USD) stood near 1.1377 on Thursday, down 0.04% on the day after Wednesday’s 0.58% decline.
Euro to Dollar (EUR/USD): 1.137217 (-0.08%)
Dollar to Yen (USD/JPY): 158.86911 (+0.38%)
The bank highlighted how far the Dollar’s performance has departed from expectations:
“Clearly, the market had not expected that the USD would be entering the final quarter of the year on the front foot.”
Rabobank argues that European growth has held up, but energy risks discourage investors from rebuilding Euro positions:
“That said, we retain the view that the EUR will struggle to find upside momentum during the duration of the Iran war and have revised down our 1 month forecast to 1.14 from 1.16.”
That leaves even the reduced forecast slightly above spot, with June’s annual low of 1.1325 just over half a cent away.

The bank estimates markets now assign roughly a 70% chance to an October Fed hike, following September’s increase.
Although the eurozone composite PMI rose to 53.1 in September, Rabobank says stronger US survey results have overshadowed Europe’s improvement.
Its recovery case rests on investors expecting more US tightening than the Fed ultimately delivers:
“Our expectation that EUR/USD will return to 1.16 on a 3 month view reflects the Rabobank house view that the market has priced in too much Fed policy tightening.”
That broadly aligns with ING’s 1.160 year-end call, discussed in our earlier comparison with Goldman Sachs.
Goldman’s three-month target is 1.14, falling to 1.12 at six and twelve months.
Rabobank’s 1.16 would require a recovery of approximately 2%, but the bank cautions:
“Next year’s French Presidential election may also limit potential for the EUR. We will be reviewing our EUR/USD forecasts in the coming weeks.”
Our currency coverage draws on live market data, official economic releases and published bank research.
Goldman Sachs GS has raised its December Brent crude forecast to $85 a barrel as persistent energy-supply disruptions push inflation expectations higher across Asia. Yet the call carries an important twist for investors: with Brent recently trading around $100 and the supplied market snapshot showing roughly $107, Goldman’s higher forecast still implies a significant retreat from current levels, suggesting the bank expects geopolitical risk premiums to fade rather than oil’s latest surge to persist.
The forecast adjustment follows months of disrupted Middle East supplies and restricted flows through the Strait of Hormuz, which have left energy-importing Asian economies particularly exposed. Recent Brent prices have remained near $100 even as Saudi exports improved and diplomatic developments briefly eased supply fears.
Goldman expects higher energy costs to show up more clearly in September import and producer prices across Asia-Pacific economies. Consumer inflation should see a smaller immediate impact because subsidies and regulated prices in several countries cushion households from the full increase.
Still, the inflation backdrop has deteriorated substantially. Before the Iran conflict, inflation in many regional economies was at or below central-bank targets. Headline and core readings are now generally at or above those targets, according to Goldman.
Refined fuels are adding pressure even without crude returning to its earlier peak. LNG and diesel prices have reached fresh 2026 highs, while the pass-through into regional core inflation has so far remained relatively limited.
Goldman expects particularly stronger-than-consensus 2027 inflation in India and Malaysia, while its forecasts sit further below consensus in Japan, Vietnam and the Philippines.
Investor Takeaway
The biggest investor implication is that $85 Brent does not represent a bullish call from current prices. It represents Goldman raising the level at which it expects oil eventually to settle.
Investors should watch Hormuz flows, Saudi supply restoration and refined-product prices. Saudi Arabia has restarted its East-West pipeline, but full capacity could take weeks to recover.
If supply normalizes, Brent could move toward Goldman’s forecast and ease inflation pressure. Persistent disruptions would instead keep oil elevated, complicating central-bank easing and putting further pressure on energy-importing economies and rate-sensitive assets.