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Forex Technical Analysis Forecast 01.09.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1844 and then finishing the descending impulse at 1.1796, EURUSD is forming a new consolidation range above the latter level. If later the price breaks this range to the upside, the market may correct upwards to reach 1.1818; if to the downside start a new decline with the shortterm target at 1.1770.GBPUSD, Great Britain Pound vs US DollarAfter completing the ascending wave at 1.3802 along with descending impulse towards 1.3740, GBPUSD is consolidating around the latter level. Possibly, the pair may correct to reach 1.3773 and then start another decline with the shortterm target at 1.3707. In fact, the asset is expected to form the first descending wave with the target at 1.3678.USDRUB, US Dollar vs Russian RubleUSDRUB continues falling. Today, the pair may reach 72.93 and then start another correction to test 73.55 from below. Later, the market may resume trading downwards with the target at 72.65.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 109.80. Possibly, today the pair may expand the range up to 110.25 and then form a new descending structure to reach the downside border at 109.29.USDCHF, US Dollar vs Swiss FrancUSDCHF is forming another ascending impulse towards 0.9199. After that, the instrument may break this level and then continue trading upwards with the shortterm target at 0.9247.AUDUSD, Australian Dollar vs US DollarAUDUSD has completed the ascending wave at 0.7335. Possibly, today the…

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