Analysis of the EURNZD currency pair for November 2, 2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

November 2, 2026

EURNZD

The trend is downward. The currency pair is trading between the 365 EMA and the 135 EMA. The upward wave structure is truncated. The Awesome Oscillator shows a bearish divergence, and the Stochastic Oscillator also indicates a divergence.

Trading idea:

Sell upon the formation of a downward wave structure, where wave (A) breaks through the trendline (inclined channel) of the truncated upward structure.

Stop Loss – 1.9916 (placed beyond the local high of the truncated upward structure).

Target levels – 1.9763; 1.9620.