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Forex Technical Analysis Forecast 06.08.2021

EURUSD, Euro vs US DollarThe currency pair has performed a link of a declining wave to 1.1827. At the moment, the market is under pressure to decline. Today the wave might extend to 1.1815. Then growth to 1.1872 is expected.GBPUSD, Great Britain Pound vs US DollarThe currency pair is trading in a consolidation area around 1.3920. Today we expect a link of decline to 1.3900, followed by growth to 1.3974. After this level is reached, the pair might drop to 1.3866.USDRUB, US Dollar vs Russian RubleThe currency pair keeps developing a consolidation range at the lows of the declining wave. A link of growth to 73.37 is not excluded. Then we expect the pair to decline to 72.60 and then a pathway to 72.16 will open.USDJPY, US Dollar vs Japanese YenThe currency pair has performed a wave of growth to 109.86. Today, we expect another wave of decline to 108.11 to begin. The goal is first. Then a correction to 110.00 should follow.USDCHF, US Dollar vs Swiss FrancThe currency pair keeps developing a structure of growth to 0.9686. After this level is reached, we expect a decline to 0.9050. At these levels, a consolidation range might develop. With an escape upwards, a pathway to 0.9105 might open. With an escape downwards, we expect a decline to 0.9015.AUDUSD, Australian Dollar vs US DollarThe Australian dollar keeps trading in a correctional channel, aiming at 0.7440. At the moment, the market formed a growth continuation pattern around 0.7383. This confirms the potential of growth to…

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