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Forex Technical Analysis Forecast 05.08.2021

EURUSD, Euro vs US DollarThe currency pair completed a link of growth to 1.1892 and dropped to 1.1838. Today the market is trading in a narrow range at these lows. We expect the range to extend to 1.1827, then another wave of growth to develop to 1.1922.GBPUSD, Great Britain Pound vs US DollarThe currency pair completed a link of growth to 1.3965 and dropped to 1.3905. At a certain moment, the market formed a consolidation range and broke through it downwards. Today we expect a decline to 1.3852, followed by growth to 1.3905. With a breakaway of this level upwards a pathway to 1.4000 will open.USDRUB, US Dollar vs Russian RubleThe currency pair keeps developing a consolidation range at the lows of the wave of decline. Today we expect a link of growth to 73.30, followed by a decline to 72.60. With a breakaway of this level downwards, a pathway to 72.16 will open.USDJPY, US Dollar vs Japanese YenThe currency pair performer a wave of decline to 108.72 and a correction to 109.60. At the moment the market is trading in a narrow consolidation area. We expect the range to extend to 109.86, then a decline to 108.10.USDCHF, US Dollar vs Swiss FrancThe currency pair keeps developing a consolidation range around 0.9050. The market is supported by the lower border of the range at 0.9020. The quotations have performed growth to 0.9040 and are forming a consolidation range above this level. They might later grow to 0.9105 and drop to 0.9050.AUDUSD, Australian Dollar vs US DollarThe…

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