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Forex Technical Analysis Forecast 22.10.2021

EURUSD, Euro vs US DollarEURUSD is still consolidating above 1.1620. Possibly, today the pair may form one more ascending structure to break 1.1645 and then continue growing towards 1.1670. If later the price breaks this level as well, the market may trade upwards to reach 1.1717. On the other hand, if the asset falls and breaks 1.1620, the instrument may resume falling with the target at 1.1571.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3777, GBPUSD is forming one more ascending wave to break 1.3825 and may later continue growing towards 1.3876. After that, the instrument may resume trading downwards with the target at 1.3700.USDRUB, US Dollar vs Russian RubleUSDRUB is still forming a narrow consolidation range around 71.00. 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 has finished the descending impulse at 113.66 along with the correction towards 114.19. Possibly, the pair may form a new descending structure to break 113.79 and then continue trading downwards with the target at 112.90.USDCHF, US Dollar vs Swiss FrancUSDCHF has completed another descending structure at 0.9174; 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 0.9222; if to the downside form a new descending structure towards 0.9160.AUDUSD, Australian Dollar vs US…

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