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Forex Technical Analysis Forecast 07.12.2021

EURUSD, Euro vs US DollarEURUSD is forming a narrow consolidation range around 1.1286. Possibly, the pair may form a new descending structure to break 1.1263. Later, the market may continue trading downwards with the target at 1.1234 or even reach 1.1150.GBPUSD, Great Britain Pound vs US DollarGBPUSD is correcting towards 1.3293. Later, the market may resume trading downwards to reach 1.3175 and then start a new growth with the target at 1.3255.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the correction at 74.14. Today, the pair may resume 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 growing towards 113.72 and may later correct to reach 113.13. After that, the instrument may form one more ascending structure towards 114.30 or even reach the target at 114.90.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending structure at 0.9266; right now, it is correcting towards 0.9220. After that, the instrument may form one more ascending structure to break 0.9280 and then continue trading upwards with the target at 0.9343.AUDUSD, Australian Dollar vs US DollarAUDUSD continues growing towards 0.7083. Later, the market may resume trading downwards with the target at 0.7037.BRENTBrent is growing towards 76.70. Later, the market may start a new correction to reach 73.10 and then resume trading…

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