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Forex Technical Analysis Forecast 16.03.2022

EURUSD, Euro vs US DollarEURUSD is consolidating around 1.0970. Possibly, today the pair may expand the range up to 1.0997 and then fall towards 1.0940. If later the price breaks this range to the downside, the market may form a new descending structure to reach 1.0880; if to the upside resume trading upwards with the target at 1.1040.GBPUSD, Great Britain Pound vs US DollarAfter finishing the ascending wave at 1.3087 along with the correction towards 1.3030, GBPUSD is expected to form one more ascending wave to break 1.3082 and may later continue trading upwards with the shortterm target at 1.3140.USDJPY, US Dollar vs Japanese YenAfter finishing the descending impulse at 117.69 along with the correction towards 118.40, USDJPY is forming a new descending structure to break 117.60 and may later continue trading downwards with the first target at 116.81.USDCHF, US Dollar vs Swiss FrancUSDCHF is forming a new consolidation range around 0.9395. Possibly, the pair may fall to break 0.9370 and then continue trading downwards with the first target at 0.9323.AUDUSD, Australian Dollar vs US DollarAUDUSD is consolidating around 0.7205. If later the price breaks this range to the upside, the market may correct towards 0.7257 and then form a new descending structure with the target at 0.7149; if to the downside resume falling to reach the abovementioned target and then start another growth towards 0.7257.BRENTBrent continues the correction towards 98.58. Possibly, today the asset…

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