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Forex Technical Analysis Forecast 21.10.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1618, finishing another ascending wave at 1.1646, and then forming a new consolidation range above the latter level, EURUSD has broken it to the upside and may later continue trading upwards to reach 1.1687. If later the price breaks this level to the upside, the market may continue growing with the target at 1.1717 to test it from below.GBPUSD, Great Britain Pound vs US DollarAfter rebounded from 1.3742, GBPUSD is forming one more ascending wave towards 1.3844. After that, the instrument may resume trading downwards to reach 1.3777 and then start another growth with the target at 1.3886.USDRUB, US Dollar vs Russian RubleUSDRUB is still forming a narrow consolidation range around 70.90. Possibly, the pair may break it to the downside and start another decline with the target at 70.48.USDJPY, US Dollar vs Japanese YenUSDJPY is falling towards 113.79. Possibly, the pair may break this level and continue trading downwards with the target at 113.33.USDCHF, US Dollar vs Swiss FrancUSDCHF has completed another descending structure at 0.9186; right now, it is consolidating above this level. If later the price breaks this range to the upside, the market may resume trading within the uptrend with the target at 0.9217; if to the downside form a new descending structure towards 0.9170.AUDUSD, Australian Dollar vs US DollarAUDUSD has expanded its consolidation range up to 0.7545. Today, the pair may fall to break 0.7480 and then…

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