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Forex Technical Analysis Forecast for November 2021

EURUSD, Euro vs US DollarAs we can see in the daily chart, after finishing the correctional wave at 1.1690 and rebounding from this level, EURUSD has completed the first descending impulse. Possibly, the pair may correct to test 1.1625 from below. Later, the market may resume falling to break 1.1535 and then continue trading downwards with the shortterm target at 1.1475. Overall, in November the asset is expected to form another descending wave with the key target at 1.1404.GBPUSD, Great Britain Pound vs US DollarIn the daily chart, after rebounding from 1.3820 to the downside, GBPUSD continues forming the descending wave towards 1.3525 and may later correct to test 1.3666 from below. After that, the instrument may start another with the shortterm target at 1.3350. in general, the asset is expected to form a new descending wave to reach 1.3246.USDRUB, US Dollar vs Russian RubleAs we can see in the daily chart, after breaking the downside border of a Triangle pattern at 72.50, USDRUB has completed the descending structure at 69.56. This month, the asset may grow to test 72.50 from below and then resume trading within the downtrend with the target at 64.05.USDJPY, US Dollar vs Japanese YenIn the daily chart, USDJPY is still consolidating around 113.80. if later the price breaks this range to the upside, the market may start a new growth with the target at 115.07; if to the downside correct towards 111.60 and then resume trading upwards to reach the abovementioned…

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