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Forex Technical Analysis Forecast 11.10.2021

EURUSD, Euro vs US DollarAfter finishing the ascending structure at 1.1580 along with the correction towards 1.1564, EURUSD is growing to reach 1.1588. After that, the instrument may fall to return to 1.1564 and then start another growth with the target at 1.1600.GBPUSD, Great Britain Pound vs US DollarGBPUSD has broken 1.3591 to the upside. Possibly, the pair may continue trading upwards to reach 1.3666 and then form a new descending structure to break 1.3591. Later, the market may continue trading downwards with the target at 1.3515.USDRUB, US Dollar vs Russian RubleAfter forming a new consolidation range above 71.77 and breaking to the downside, USDRUB is expected to continue falling towards 71.44. Later, the market may correct to reach 72.00 and then resume trading downwards with the target at 71.15.USDJPY, US Dollar vs Japanese YenAfter forming a new consolidation range above 112.18 and breaking to the upside, USDJPY is trading upwards to reach 112.85. After that, the instrument may start a new decline with the target at 112.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9282. Possibly, the pair may resume trading upwards with the target at 0.9304 and then form a new descending structure to return to 0.9282.AUDUSD, Australian Dollar vs US DollarAUDUSD continues forming the ascending structure towards 0.7343 and may later correct to reach 0.7315. After that, the instrument may start another growth towards 0.7347 and then resume moving…

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