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Forex Technical Analysis Forecast 17.11.2021

EURUSD, Euro vs US DollarAfter completing the descending wave at 1.1263, EURUSD is correcting to test 1.1300 from below. Later, the market may resume falling to break 1.1250 and then continue trading within the downtrend with the target at 1.1174.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still consolidating around 1.3434. Possibly, the pair may break this range downwards and reach 1.3290. After that, the instrument may start a new growth to reach 1.3380 and then resume falling with the target at 1.3163.USDRUB, US Dollar vs Russian RubleAfter forming a new consolidation range around 72.37 and breaking it to the upside, USDRUB is expected to continue the correctional wave towards 73.73. Later, the market may form a new descending structure to return to 72.37 and then resume trading upwards with the shortterm target at 74.20.USDJPY, US Dollar vs Japanese YenAfter breaking 114.68 to the upside, USDJPY is expected to continue growing towards 115.22. Later, the market may correct to reach 114.00 and then form one more ascending structure towards with the target at 115.55.USDCHF, US Dollar vs Swiss FrancAfter rebounding from 0.9259, USDCHF is still growing towards 0.9340. Later, the market may start a new correction to reach 0.9260 and then resume trading upwards with the target at 0.9400.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished another descending structure at 0.7262. Today, the pair may correct to test 0.7300 from below and then resume trading downwards…

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