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Forex Technical Analysis Forecast 22.11.2021

EURUSD, Euro vs US DollarEURUSD has finished another descending structure at 1.1250 along with the correction towards 1.1325; right now, it is consolidating around 1.1277. Possibly, today the pair may fall to reach 1.1231 and then start another correction towards 1.1303. Later, the market may resume trading within the downtrend with the target at 1.1174.GBPUSD, Great Britain Pound vs US DollarGBPUSD is falling towards 1.3402. After that, the instrument may correct to reach 1.3457 and then resume falling with the target at 1.3300.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 73.15. Possibly, the pair may expand the range down to 72.67 and then grow towards 73.00. Later, the market may resume trading downwards with the target at 71.70.USDJPY, US Dollar vs Japanese YenAfter finishing the descending structure at 113.60, USDJPY is growing towards 114.55 and may later start a new decline to reach 114.07, thus forming a new consolidation range. If the price breaks this range to the upside, the market may resume trading upwards with the target at 115.53; if to the downside continue the correction towards 112.80 and then form one more ascending structure to reach 115.50.USDCHF, US Dollar vs Swiss FrancAfter completing the ascending structure at 0.9289, USDCHF has formed a new consolidation range around this level. Possibly, the pair may continue growing towards 0.9326 and then correct downwards to reach 0.9290. Later, the market may resume trading upwards…

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