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Forex Technical Analysis Forecast 28.12.2021

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1318 without any specific direction. Possibly, the pair may expand the range down to 1.1294 and then grow to reach 1.1352. After that, the instrument may start another decline to return to 1.1318. If later the price breaks this range to the upside, the market may form one more ascending structure towards 1.1404; if to the downside resume falling with the target at 1.1200.GBPUSD, Great Britain Pound vs US DollarGBPUSD continues consolidating around 1.3419 without any particular direction. Today, the pair may expand the range up to 1.3457 and then form a new descending structure to return to 1.3419. If later the price breaks the range to the downside, the market may resume trading downwards with the first target at 1.3315.USDRUB, US Dollar vs Russian RubleUSDRUB is still consolidating below 73.52. Possibly, today the pair may resume trading downwards to break 73.20 and then continue falling towards 72.67 or even reach the target at 72.50.USDJPY, US Dollar vs Japanese YenUSDJPY has completed the ascending wave at 114.94. Possibly, the pair may correct towards 114.59. Later, the market may form one more ascending structure to reach 115.15 and then start another correction with the target at 114.14.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9180. Today, the pair may expand the range down to 0.9145 and then resume growing towards 0.9220. After that, the instrument may break this level to the…

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