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Forex Technical Analysis Forecast 07.10.2021

EURUSD, Euro vs US DollarAfter breaking 1.1585 to the downside and completing the descending wave at 1.1530, EURUSD has finished the ascending impulse towards 1.1555 along with the correction to reach 1.1540; right now, it is growing to break 1.1555. Later, the market may start another growth to reach 1.1583 and then form a new descending structure to return to 1.1555.GBPUSD, Great Britain Pound vs US DollarGBPUSD has broken 1.3611 to the downside. Possibly, today the pair may continue trading downwards to reach 1.3535 and then form one more ascending structure with the target at 1.3660.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 72.48. Today, the pair may break this range to the downside and reach 72.00. After that, the instrument may grow to test 72.50 from below and then resume trading downwards with the target at 71.70.USDJPY, US Dollar vs Japanese YenUSDJPY has completed the ascending structure at 111.78; right now, it is falling to reach 111.18 and may later form a new consolidation range there. After that, the instrument may break the range to the downside and resume falling with the target at 110.80.USDCHF, US Dollar vs Swiss FrancAfter finishing the correctional structure at 0.9266, USDCHF is expected to start another growth to beak 0.9310 and then continue trading upwards with the target at 0.9355.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the correctional wave at 0.7235; right now, it is growing to reach 0.7300. Later,…

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