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Forex Technical Analysis Forecast 06.12.2021

EURUSD, Euro vs US DollarAfter completing the descending structure at 1.1266 along with the correction towards 1.1326, EURUSD is rebounding from this level. Possibly, the pair may form a new descending structure to break 1.1235. Later, the market may continue trading downwards with the shortterm target at 1.1115.GBPUSD, Great Britain Pound vs US DollarAfter breaking 1.3260 to the downside, GBPUSD continues falling to reach 1.3183. Later, the market may correct to test 1.3260 from below and then resume trading downwards with the target at 1.3175.USDRUB, US Dollar vs Russian RubleUSDRUB continues trading downwards to reach 73.13. 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 consolidating around 113.00. Possibly, the pair may form one more ascending structure to break 113.60 and then continue trading within the uptrend with the first target at 114.90.USDCHF, US Dollar vs Swiss FrancUSDCHF is still 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 0.6992; right now, it is growing to reach 0.7083. Later, the market may resume trading downwards with the target at 0.6950.BRENTAfter completing the ascending impulse at 72.82 along with the correction…

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