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Forex Technical Analysis Forecast 12.10.2021

EURUSD, Euro vs US DollarAfter expanding its consolidation range down to 1.1546, EURUSD is growing to reach 1.1565. After that, the instrument may fall to break 1.1540 and then continue trading within the downtrend with the target at 1.1515.GBPUSD, Great Britain Pound vs US DollarGBPUSD has completed another descending structure at 1.3580; right now, it is correcting to reach 1.3606. Later, the market may resume trading downwards towards 1.3565 or even reach the target at 1.3540.USDRUB, US Dollar vs Russian RubleAfter expanding its consolidation range down to 71.55, USDRUB is expected to start a new correction towards 71.71. Later, the market may resume trading downwards with the target at 71.45.USDJPY, US Dollar vs Japanese YenAfter finishing another ascending structure at 113.33, USDJPY is forming a new consolidation range around this level. Possibly, the pair may expand the range up to 113.55. After that, the instrument may start a new correction with the target at 112.82.USDCHF, US Dollar vs Swiss FrancUSDCHF is growing towards 0.9280 and may later form a new descending structure to reach 0.9265. After that, the instrument may resume trading upwards with the target at 0.9310.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the descending impulse at 0.7331; right now, it is growing to reach 0.7355. Later, the market may resume moving downwards with the shortterm target at 0.7300.BRENTBrent has finished the ascending structure at 84.84 along with the correction…

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