EUR/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26

2026.10.02 2026.10.02 EUR/USD: Elliott Wave Analysis and Forecast for 02.10.26–09.10.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.1378 with a target of 1.1120–1.0895. A sell signal: the local correction ends and the price holds below 1.1378. Stop Loss: above 1.1425, Take Profit: 1.1120–1.0895. Alternative scenario:…

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Australian Dollar flattens against Japanese Yen after Tokyo CPI data

The Australian Dollar (AUD) turns flat at around 109.50 against the Japanese Yen (JPY) during the European trading session on Friday after recovering early losses. The cross rebounds as the Japanese Yen struggles to hold early gains despite the release of the hot Tokyo Consumer Price Index (CPI) data for September. Earlier in the day, Statistics Bureau of Japan…

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Euro Plunges as French Debt Crisis Deepens. Forecast as of 02.10.2026

2026.10.02 2026.10.02 Euro Plunges as French Debt Crisis Deepens. Forecast as of 02.10.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The French government’s presentation of its draft budget sent the EUR/USD pair to 16-month lows. However, developments in the US also contributed to the rise in domestic bond yields. Let’s examine the situation and develop a trading plan. The article covers the following subjects:…

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Likely retest YTD low near 1.31

The British Pound (GBP) trades 0.1% higher at around 1.3208 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair as the US Dollar Index trades slightly lower to near 101.93 after posting a fresh over-a-year high at 102.20 on Thursday. The US Dollar is expected to trade cautiously as investors await the United…

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