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Forex Technical Analysis Forecast 02.12.2021

EURUSD, Euro vs US DollarAfter completing the correction at 1.1357, EURUSD is expected to form a new descending structure to break 1.1300. Later, the market may continue trading downwards with the target at 1.1115.GBPUSD, Great Britain Pound vs US DollarAfter finishing the correction at 1.3343 and rebounding from this level to the downside, GBPUSD may continue falling with the target at 1.3168.USDRUB, US Dollar vs Russian RubleUSDRUB continues trading downwards to reach 73.22. After that, the instrument may correct towards 74.14 and then form a new descending structure with the target at 72.47.USDJPY, US Dollar vs Japanese YenUSDJPY is growing to break 113.70. Later, the market may continue trading within the uptrend with the shortterm target at 114.86.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9198. Possibly, today the pair may form one more ascending structure to break 0.9265 and then continue trading upwards with the target at 0.9333.AUDUSD, Australian Dollar vs US DollarAUDUSD has finished the descending wave at 0.7118; right now, it is consolidating around this level. Later, the market may break the range to the downside and resume trading downwards with the target at 0.7060.BRENTAfter completing the ascending impulse at 74.22 along with the correction towards 68.60, Brent is expected to grow and return to 74.22. Later, the market may break this level and continue trading upwards with the shortterm target at 80.80.XAUUSD, Gold vs US DollarAfter…

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