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Forex Technical Analysis & Forecast 19.10.2021
After finishing the correction at 1.1571 along with the ascending impulse towards 1.1607, and then forming a new consolidation range around the latter level, EURUSD has broken it to the upside to reach 1.1650. Possibly, today the pair may form another consolidation range. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 1.1666; if to the downside – start a new decline towards 1.1607. After completing the correction at 1.3708, GBPUSD is growing to reach 1.3779 and may later resume trading downwards with the target at 1.3666. USDRUB is still correcting. ... (full story)