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Forex Technical Analysis Forecast 02.11.2021

EURUSD, Euro vs US Dollar After forming a new consolidation range and breaking 1.1577 to the upside, EURUSD is still correcting towards 1.1612. Later, the market may fall to break 1.1533 and then continue trading downwards with the shortterm target at 1.1490.GBPUSD, Great Britain Pound vs US DollarAfter forming a new consolidation rang around 1.3666 and breaking it to the downside, GBPUSD is expected to continue falling within the downtrend towards 1.3608. Later, the market may correct to test 1.3666 from below and then resume falling with the target at 1.3490.USDRUB, US Dollar vs Russian RubleAfter expanding the consolidation range up to 71.25, USDRUB is expected to resume falling towards 70.60 and may later form one more ascending structure with the target at 72.00 to complete the correction. Later, the market may start another decline to reach 69.20.USDJPY, US Dollar vs Japanese YenAfter returning to 113.86, USDJPY is expected to consolidate around this level. If later the price breaks this range to the downside, the market may resume falling towards 113.28 and then start a new growth with the target at 113.86.USDCHF, US Dollar vs Swiss FrancAfter breaking 0.9128 and then reaching the shortterm downside target at 0.9090, USDCHF is forming a new consolidation range above the latter level. If later the price breaks this range to the upside, the market may grow to reach 0.9128; if to the downside resume falling to complete the descending wave at 0.9080 and then start…

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