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Forex Technical Analysis Forecast 20.10.2021

EURUSD, Euro vs US Dollar After finishing another ascending wave at 1.1668 along with the descending impulse towards 1.1627, EURUSD is forming a new consolidation range around 1.1650. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1600.GBPUSD, Great Britain Pound vs US DollarAfter completing the ascending wave at 1.3818 along with the descending impulse towards 1.3785, GBPUSD is consolidating above the latter level. Today, the pair may resume trading downwards to reach 1.3744 and then start another growth with the target at 1.3785.USDRUB, US Dollar vs Russian RubleUSDRUB is forming a narrow consolidation range around 70.90. Possibly, the pair may break it to the downside and form a new descending structure to reach 70.48. Later, the market may start another correction with the target at 71.50.USDJPY, US Dollar vs Japanese YenAfter finishing the ascending structure at 114.44 and breaking it to the upside, USDJPY is consolidating above this level. Possibly, today the pair may grow to reach 115.07 and then start a new correction towards 113.90. Later, the market may resume trading downwards with the target at 113.33.USDCHF, US Dollar vs Swiss FrancUSDCHF has completed the ascending impulse at 0.9235; right now, it is consolidating around this level. Possibly, the pair may correct towards 0.9212 and then form one more ascending structure with the shortterm target at 0.9235.AUDUSD, Australian Dollar vs US…

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