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Forex Technical Analysis Forecast 06.01.2022

EURUSD, Euro vs US DollarAfter forming a new consolidation range around 1.1300 and breaking it to the upside, EURUSD has reached the shortterm target at 1.1345; right now, it is falling to test 1.1300 from above. Later, the market may form one more ascending structure towards 1.1351 and then resume trading downwards to break 1.1300. After that, the instrument may continue falling with the target at 1.1252.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the ascending wave at 1.3597; right now, it is falling towards 1.3501. After that, the instrument may correct to reach 1.3545 and then start another decline with the target at 1.3440.USDRUB, US Dollar vs Russian RubleAfter forming a new consolidation range around 74.90 and breaking it to the upside, USDRUB is expected to continue growing towards 76.84. Later, the market may return to break 74.90 and then continue trading downwards with the first target at 74.01.USDJPY, US Dollar vs Japanese YenAfter completing the descending wave at 115.62 along with the correction towards 116.16, USDJPY has rebounded from the latter level; right now, it is trading downwards. Possibly, the pair may break 115.62 and then continue falling with the shortterm target at 115.08.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9164. Today, the pair may expand the range up to 0.9191 and then form a new descending structure to reach 0.9129. Later, the market may resume trading upwards with the first target at…

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