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Forex Tech Analysis Forecast for 11.08.2021

EURUSD, Euro vs US DollarThe currency pair has bounced off 1.1767 and keeps trading in a structure of a declining wave. Today a link of growth to 1.1740 a test from below is not excluded. Then the downtrend should continue. The next goal is 1.1680. After this one is reached, we expect a consolidation range to develop. With an escape upwards, the pair might correct to 1.1767. With an escape downwards, a pathway to 1.1600 should open.GBPUSD, Great Britain Pound vs US DollarThe currency pair keeps forming a consolidation range around 1.3848. Today it has been extended to 1.3818. A technical return to 1.3848 is not excluded a test from below, followed by a decline to 1.3800. Practically we have a pattern of downward trend cintinuation. The aim of 1.3750 is local.USDRUB, US Dollar vs Russian RubleThe currency pair keeps developing a correction. Today there might be a link of decline to 73.55. Then another structure of growth to 74.10 should develop a test from below. Then we should expect a wave of decline to 73.40.USDJPY, US Dollar vs Japanese YenThe currency pair keeps being pushed upwards to 110.70. After this, a correction to 110.00 should begin a test from above. Then another structure of growth to 111.30 is expected.USDCHF, US Dollar vs Swiss FrancThe currency pair goes on developing a structure of growth to 0.9250. Today a link of decline to 0.9200 a test from above is not excluded, followed by growth to 0.9250. The goal is local. When this level is reached, a correction…

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