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Forex Technical Analysis Forecast 14.10.2021

EURUSD, Euro vs US DollarAfter reaching the shortterm correctional target at 1.1598, EURUSD is expected to form a new descending structure towards 1.1567. Later, the market may start another growth to reach 1.1611 and then resume falling with the target at 1.1500.GBPUSD, Great Britain Pound vs US DollarAfter breaking 1.3639 to the upside, GBPUSD is expected to continue growing towards 1.3691. After that, the instrument may trade downwards to return to 1.3639 and then start a new growth with the target at 1.3710.USDRUB, US Dollar vs Russian RubleUSDRUB has broken 72.00 to the upside. Today, the pair may correct to reach 72.49 and then resume falling within the downtrend with the target at 71.44.USDJPY, US Dollar vs Japanese YenUSDJPY is still forming a new consolidation rage around 113.33, After expanding the range up to 113.77, the asset has completed the descending structure at 113.20 along with the correction towards 113.55. If later the price breaks this range to the upside, the market may start another growth to reach 114.00; if to the downside form a new descending structure with the target at 112.90.USDCHF, US Dollar vs Swiss FrancUSDCHF is falling towards 0.9230. After that, the instrument may form one more ascending structure to reach 0.9263 and then resume trading downwards with the target at 0.9216.AUDUSD, Australian Dollar vs US DollarAUDUSD is still consolidating around 0.7365. Today, the pair may resume growing to reach 0.7408 and then start a new decline…

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