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Forex Technical Analysis Forecast 29.10.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1582, EURUSD has completed the ascending wave at 1.1688; right now, it is correcting to reach 1.1660 and may later finish the ascending wave by forming another ascending structure towards 1.1717. After that, the instrument may resume trading downwards with the target at 1.1580.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3747 to the upside and completing the ascending wave at 1.3815, GBPUSD is falling to return to 1.3747 and may later start another growth to reach 1.3774. If later the price breaks 1.3747 to the downside, the market may start another decline with the target at 1.3660. On the other hand, the asset may break 1.3800 to the upside and form one more ascending structure to reach 1.3880.USDRUB, US Dollar vs Russian RubleUSDRUB is correcting downwards to reach 69.90 and may later grow towards 70.50, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume trading within the downtrend with the target at 69.00; if to the upside form one more ascending structure to reach 70.82.USDJPY, US Dollar vs Japanese YenUSDJPY has reached the shortterm downside target at 113.30. Today, the pair may grow to test 113.79 from below and then start a new decline with the first target at 112.88.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the descending wave at 0.9113; right now, it is growing towards 0.9150. After that, the…

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