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Forex Technical Analysis Forecast 08.12.2021

EURUSD, Euro vs US DollarEURUSD has completed the descending wave at 1.1226; right now, it is correcting towards 1.1296 and may later form a new descending structure to return to 1.1226. After that, the instrument may break this level and continue trading downwards with the target at 1.1177.GBPUSD, Great Britain Pound vs US DollarGBPUSD has finished the descending wave at 1.3208; right now, it is correcting towards 1.3257 and may later resume trading downwards to break 1.3207. After that, the instrument may continue falling with the target at 1.3163.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the correction at 74.50. Today, the pair may resume trading downwards to reach 73.55. 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 YenAfter finishing the ascending wave at 113.76, USDJPY is expected to correct towards 113.17. Later, the market may form one more ascending structure to break 113.80 and then continue growing with the shortterm target at 114.98.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending structure at 0.9277; right now, it is correcting towards 0.9220 and may later form one more ascending structure to reach 0.9300. After that, the instrument may start a new decline to return to 0.9277 and then resume trading upwards with the target at 0.9361.AUDUSD, Australian Dollar vs US DollarAfter forming a new consolidation range…

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