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Forex Technical Analysis Forecast 04.11.2021

EURUSD, Euro vs US DollarAfter completing another ascending structure at 1.1615, EURUSD is falling towards 1.1577 and may later start another growth to reach 1.1626. After that, the instrument may resume falling to break 1.1546 and then continue trading downwards with the shortterm target at 1.1466.GBPUSD, Great Britain Pound vs US DollarAfter finishing the correction at 1.3697, GBPUSD is falling towards 1.3648 and may later grow to reach 1.3700. After that, the instrument may form a new descending structure to break 1.3595 and then continue falling with the shortterm target at 1.3480.USDRUB, US Dollar vs Russian RubleAfter rebounding from 71.35 to the upside and then breaking 71.95, USDRUB is expected to continue growing and extend the correction up to 72.70 an alternative scenario. At the same time, the main scenario implies that the price may continue falling towards 70.64 or event reach the target at 69.20.USDJPY, US Dollar vs Japanese YenUSDJPY has formed the consolidation range 113.90. Later, the market may break it to the upside and resume growing towards 114.37. After that, the instrument may start a new decline with the target at 113.45.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9125. Possibly, today the pair may expand the range down to 0.9099 and then start another growth towards 0.9153. After that, the instrument may form a new descending structure to reach 0.9080. Later, the market may resume growing to break 0.9155 and then…

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