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Forex Tech Analysis Forecast 04.08.2021

EURUSD, Euro vs US DollarThe currency pair is trading without any pronounced trend around 1.1872. We expect a decline to 1.1846, followed by growth to 1.1872 a test from below. Then a decline to 1.1838 should follow. Here the correction will come to its end. Then another structure of growth to 1.1922 is likely to begin.GBPUSD, Great Britain Pound vs US DollarThe currency pair is trading without a trend around 1.3900. Today it might drop to 1.3870, then rise to 1.3900, and then escape the range and grow to 1.4000. With an escape downwards, a pathway to 1.3780 will open.USDRUB, US Dollar vs Russian RubleThe currency pair keeps developing a wave of decline. Today another structure of decline to 72.62 might form. Then a link of correction to 73.43 is not excluded. After the correction we expect a decline to 72.20.USDJPY, US Dollar vs Japanese YenThe currency pair has reached the local goal of the declining wave at 108.88. A link of growth to 109.33 is not excluded, followed by 108.11. The goal is first. After the level is reached, we expect a correction to 109.99.USDCHF, US Dollar vs Swiss FrancThe currency pair keeps developing a consolidation range around 0.9050. Another structure of decline to 0.9005 is not excluded either, followed by growth to 0.9100.AUDUSD, Australian Dollar vs US DollarThe currency pair keeps developing a correction to 0.7440. Then we expect a decline to 0.7272. After a breakaway of this level downwards, we expect the trend to continue to…

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