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Forex Technical Analysis Forecast 04.10.2021

EURUSD, Euro vs US DollarEURUSD has formed a new consolidation range around 1.1580. Possibly, today the pair may expand the range up to 1.1617 and then start a new decline towards 1.1588. If later the price breaks this range to the upside, the market may start another growth to reach 1.1655; if to the downside form a new descending structure with the target at 1.1550.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still consolidating around 1.3500. If later the price breaks this range to the upside, the market may start another growth to reach 1.3586; if to the downside form a new descending structure with the shortterm target at 1.3333.USDRUB, US Dollar vs Russian RubleAfter completing the descending impulse at 72.60, USDRUB is correcting towards 72.80 and may later resume falling to return to 72.60. After that, the instrument may break this level to the downside and continue trading downwards with the target at 72.00.USDJPY, US Dollar vs Japanese YenUSDJPY is still forming the descending impulse with the target at 110.53. Possibly, today the pair may reach 110.70 and then start another growth towards 110.90. After that, the instrument may resume falling to reach the abovementioned target then start a new correction towards 111.30.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending structure at 0.9306; right now, it is consolidating around this level. Today, the pair may form one more ascending structure towards 0.9333 and then start a new decline with…

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