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Forex Technical Analysis Forecast 02.08.2021

EURUSD, Euro vs US DollarThe currency pair us forming a consolidation area around 1.1880. Today a decline to 1.1840 looks probable, followed by a link of growth towards 1.1925. After this level is reached, we expect a new wave of decline to 1.1750 to begin.GBPUSD, Great Britain Pound vs US DollarThe currency pair is correcting to 1.3878. When the correction is over, a link of growth to 1.4000 might follow. And here, the wave of growth will fade. Then we should expect another wave of decline towards 1.3232 to develop.USDRUB, US Dollar vs Russian RubleHaving bounced off 73.43 downwards, the currency pair keeps developing a wave of decline towards 72.66. When this one is reached, a technical return to 73.43 a test from below is possible, followed by a decline to 71.66.USDJPY, US Dollar vs Japanese YenThe currency pair is trading in a structure of growth towards 109.96. When this level is reached, wait for another structure of decline to 109.30. And after a breakaway of this one downwards, the decline might continue to 108.05.USDCHF, US Dollar vs Swiss FrancThe currency pair is forming a consolidation range above 0.9044. With an escape upwards, we should expect a link of growth to 0.9105. With an escape downwards, the wave of decline might extend to 0.9025.AUDUSD, Australian Dollar vs US DollarThe currency pair keeps developing a wave of decline to 0.7272. After this level is reached, a correction to 0.7383 will become possible, followed by a decline to 0.7200.BRENTToday, oil…

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