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Forex Technical Analysis Forecast 19.10.2021

EURUSD, Euro vs US Dollar After finishing the correction at 1.1571 along with the ascending impulse towards 1.1607, and then forming a new consolidation range around the latter level, EURUSD has broken it to the upside to reach 1.1650. Possibly, today the pair may form another consolidation range. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1666; if to the downside start a new decline towards 1.1607.GBPUSD, Great Britain Pound vs US DollarAfter completing the correction at 1.3708, GBPUSD is growing to reach 1.3779 and may later resume trading downwards with the target at 1.3666.USDRUB, US Dollar vs Russian RubleUSDRUB is still correcting. Today, the pair may form one more ascending structure to test 71.50 from below. After that, the instrument may start a new decline to break 70.90 and then continue falling within the downtrend with the target at 70.50.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating below 114.44. Today, the par may fall to reach the downside border at 113.95. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 115.00; if to the downside start a new correction towards 113.36.USDCHF, US Dollar vs Swiss FrancAfter forming a new consolidation range around 0.9235, USDCHF has broken it to the downside and may later continue falling towards 0.9199. After that, the instrument may form one more ascending structure with the…

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