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Forex Technical Analysis Forecast 08.10.2021

EURUSD, Euro vs US DollarAfter finishing the correction at 1.1571 along with the descending impulse towards 1.1546, EURUSD is expected to break the low of this impulse at 1.1537 and then grow towards 1.1555, thus forming a new consolidation range around the latter level. If later the price breaks this range to the downside, the market may resume falling to reach 1.1519 or even extend this descending wave towards 1.1502; if to the upside start another correction with the target at 1.1640.GBPUSD, Great Britain Pound vs US DollarGBPUSD has broken 1.3593 to the upside. Possibly, the pair may continue trading upwards to reach 1.3642 and then form a new descending structure with the target at 1.3535. Later, the market may start another growth towards 1.3595.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending wave at 71.70. Today, the pair may correct to test 72.34 from below and then resume trading downwards with the target at 71.44.USDJPY, US Dollar vs Japanese YenUSDJPY is trading upwards and may later reach 112.07. After that, the instrument may start a new correction with the target at 110.52.USDCHF, US Dollar vs Swiss FrancAfter breaking 0.9282 to the upside, USDCHF is expected to continue growing to beak 0.9310. Later, the market may continue trading upwards with the shortterm target at 0.9367.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the ascending wave at 0.7323; right now, it is consolidating below this level. Possibly, the pair may…

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