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Forex Technical Analysis Forecast 05.10.2021

EURUSD, Euro vs US DollarAfter completing the ascending structure at 1.1639, EURUSD is correcting downwards to reach 1.1587. Later, the market may resume trading upwards with the target at 1.1660.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the ascending structure at 1.3634. Possibly, today the pair may start another decline to reach 1.3530 and then form one more ascending structure towards 1.3647. Later, the market may resume trading downwards with the target at 1.3530.USDRUB, US Dollar vs Russian RubleAfter breaking 72.60 to the downside, USDRUB is expected to fall and reach 72.25. After that, the instrument may grow to test 72.61 from below and then resume trading downwards with the target at 72.00.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating below 111.29. Today, the pair may resume falling to reach 110.53 and then start a new correction with the target at 111.29.USDCHF, US Dollar vs Swiss FrancAfter rebounding from 0.9308 to the downside, USDCHF has finished another descending structure at 0.9231; right now, it is correcting upwards. Possibly, the pair may form one more ascending structure towards 0.9277 and then start a new decline with the target at 0.9251.AUDUSD, Australian Dollar vs US DollarAfter completing the ascending structure at 0.7301, AUDUSD is trading downwards to reach 0.7245. Later, the market may start another growth to reach 0.7323 and then resume moving within the downtrend with the target at 0.7245.BRENTAfter…

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