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Forex Technical Analysis Forecast 16.11.2021

EURUSD, Euro vs US DollarAfter completing the descending wave at 1.1355, EURUSD is consolidating above this level. Today, the pair may grow towards 1.1390. Later, the market may resume trading within the downtrend with the target at 1.1318.GBPUSD, Great Britain Pound vs US DollarAfter finishing the correction at 1.3450 along with the descending wave towards 1.3400, GBPUSD is expected to break this range to the downside and resume falling to reach 1.3358. Later, the market may correct to test 1.3400 from below and then resume falling with the target at 1.3290.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 72.35. Possibly, the pair may break the range downwards and form a new descending structure towards 71.00. Later, the market may resume trading upwards with the target at 72.00.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 114.00; it has already reached the upside border at 114.30 and may later fall to return to 114.00. If the price grows and breaks this range to the upside at 114.30, the market may form one more ascending structure towards 114.88 or even reach the target at 115.22.USDCHF, US Dollar vs Swiss FrancAfter completing the ascending wave at 0.9255, USDCHF is consolidating below this level. Possibly, today the pair may expand the range up to 0.9266 and then start a new correction with the target at 0.9175.AUDUSD, Australian Dollar vs US DollarAUDUSD is forming another descending structure towards 0.7300. After that, the…

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