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Forex Technical Analysis Forecast 02.09.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1730, finishing the ascending structure at 1.1822, and then forming a new consolidation range around the latter level, EURUSD has broken it to the upside to reach 1.1855. Today, the pair may correct to test 1.1827 from above and then resume trading upwards to reach 1.1860. Later, the market may start a new correction with the target at 1.1793.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3730, finishing the ascending structure at 1.3760, GBPUSD has broken the latter level to the upside to reach 1.3795. Possibly, today the pair may start another decline to test 1.3760 from above and then form one more ascending structure with the target at 1.3810. After that, the instrument may resume falling towards 1.3720.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending structure at 72.93. Today, the pair may consolidate around this level. Later, the market may break the range to the upside and correct to reach 73.93. Later, the market may resume trading downwards with the target at 72.65.USDJPY, US Dollar vs Japanese YenAfter expanding the range up to 110.40 and then rebounding from this level, USDJPY has returned to the centre at 110.00. Possibly, today the pair may form a new descending structure to break 109.60 and then continue falling with the target at 109.25.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating around 0.9158 and may later form a new descending structure towards 0.9128. After…

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