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Forex Technical Analysis Forecast 18.02.2022

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1358. If the price breaks this range to the downside, the market may start a new decline to reach 1.1320 or even extend this structure down to 1.1255; if to the upside resume trading within the uptrend with the target at 1.1400.GBPUSD, Great Britain Pound vs US DollarHaving completed the ascending wave at 1.3636, GBPUSD is falling towards 1.3569. Later, the market may form one more ascending structure with the target at 1.3655.USDRUB, US Dollar vs Russian RubleUSDRUB is consolidating around 75.75. Possibly, the pair may break the range to the downside and resume trading downwards with the target at 74.14.USDJPY, US Dollar vs Japanese YenHaving finished the descending wave at 114.80, USDJPY is correcting up to 115.57. Later, the market may resume falling with the shortterm target at 114.14.USDCHF, US Dollar vs Swiss FrancAfter reaching the shortterm downside target at 0.9188, USDCHF is expected to correct and may soon reach 0.9228. the market may resume trading downwards with the target at 0.9180 or even extend this structure down to 0.9170.AUDUSD, Australian Dollar vs US DollarAUDUSD continues growing towards 0.7229. After that, the instrument may form a new descending wave with the target at 0.7156.BRENTAfter finishing the ascending wave at 94.74 along with the correction towards 92.30, Brent is expected to form a new consolidation range between these two levels. If the price breaks this range to the…

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