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Forex Technical Analysis & Forecast for December 2022

From robomarkets.com

EURUSD: The currency pair has broken through 1.0160 and has completed a structure of growth to 1.0496. At the moment, the market continues forming a consolidation range under this level. A link of correction to 1.0160 is not excluded. With an escape from the range upwards, a pathway to 1.0580 will open. After this level is reached, a link of correction to 1.0160 and growth to 1.0790 will become possible. {chart} GBPUSD: The currency pair has broken through 1.1590 upwards and has completed a wave of growth to 1.2020. At the moment, the market continues forming a consolidation range around it. With an escape downwards, ... (full story)

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  • Category: Technical Analysis