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Forex Technical Analysis Forecast 03.12.2021

EURUSD, Euro vs US DollarAfter completing the descending structure at 1.1300, EURUSD is consolidating around this level. Possibly, the pair may break this range to the downside and form a new descending structure to break 1.1235. Later, the market may continue trading downwards with the target at 1.1115.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending structure at 1.3259, GBPUSD is consolidating above this level. Today, the pair may break the range to the downside and start a new decline towards 1.3170. Later, the market may form one more ascending structure with the target at 1.3400.USDRUB, US Dollar vs Russian RubleUSDRUB continues trading downwards to reach 73.22. After that, the instrument may correct to test 74.14 from below and then form a new descending structure with the first target at 72.47.USDJPY, US Dollar vs Japanese YenUSDJPY is growing towards 113.71 and may later start a new correction to reach 113.30. After that, the instrument may form one more ascending structure to break 113.71 and then 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 0.7062; right now, it is growing to reach 0.7118. Later, the market may resume trading…

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