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Forex Technical Analysis Forecast 16.12.2021

EURUSD, Euro vs US DollarEURUSD has completed another descending wave at 1.1222; right now, it is correcting towards 1.1300. After that, the instrument may start a new decline to break 1.1200 and then resume trading downwards with the target at 1.1180.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending wave at 1.3172 along with the correction towards 1.3272, GBPUSD is expected to resume falling to break 1.3215 and may later continue trading downwards with the target at 1.3150.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating around 73.50 without any specific direction. Possibly, the pair may break the range to the downside and resume falling with the first target at 72.50. Later, the instrument may start a new correction towards 74.20.USDJPY, US Dollar vs Japanese YenAfter completing the ascending wave at 114.04, USDJPY is forming a new consolidation range around this level. Possibly, the pair may break the range to the upside and grow to reach 114.44. Later, the market may start a new decline towards 113.85 and then resume trading upwards with the target at 115.00.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending wave at 0.9286 along with the correction towards 0.9232. Possibly, today the pair may resume growing to break 0.9290 and then form one more ascending structure with the target at 0.9350.AUDUSD, Australian Dollar vs US DollarAfter falling and reaching 0.8092, AUDUSD has competed the ascending structure at 0.7180….

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