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Forex Technical Analysis Forecast for March 2022

EURUSD, Euro vs US DollarAs we can see in the daily chart, having completed the correction at 1.1494, EURUSD is falling; it has already formed the descending structure with the shortterm target at 1.1106 along with another correction to reach 1.1270. Possibly, the pair may rebound from this level and start a new decline towards 1.1060. Later, the market may resume trading upwards to break 1.1277 and then continue growing with the target at 1.1500.GBPUSD, Great Britain Pound vs US DollarIn the daily chart, after forming a new consolidation range around 1.3639, breaking 1.3490, GBPUSD continues trading downwards with the shortterm target at 1.3153; it has already completed the descending structure at 1.3390 and right now, is forming another consolidation range around the latter level. Possibly, the pair may soon break 1.3350 and resume falling to reach the abovementioned target. Later, the market may correct to test 1.3394 from below and then start another decline to reach 1.3051.USDRUB, US Dollar vs Russian RubleAs we can see in the daily chart, sanctions made USDRUB skyrocket to 88.50; by now, it has completed the correction down to 82.00 along with the ascending impulse towards 101.30. The pair is expected to wait until all fundamental factors are over and then return to 75.00.USDJPY, US Dollar vs Japanese YenIn the daily chart, USDJPY has finished the first descending wave at 114.40; right now, it is correcting towards 115.80. Later, the market may start a new decline to…

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