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Forex Technical Analysis Forecast 08.02.2022

EURUSD, Euro vs US DollarEURUSD is still consolidating around 1.1425. Possibly, today the pair may fall with the shortterm target at 1.1386. Later, the market may correct to test 1.1410 from below and then resume trading downwards to reach 1.1370.GBPUSD, Great Britain Pound vs US DollarGBPUSD continues forming a new consolidation range around 1.3552. Possibly, the pair may break it to the downside and form a new descending structure towards 1.3465. Later, the market may correct to test 1.3522 from below and then start another decline with the target at 1.3455.USDRUB, US Dollar vs Russian RubleHaving broken 76.01, USDRUB continues trading downwards to reach 75.25. After that, the instrument may start another correction towards 77.15 and then resume falling with the target at 74.58.USDJPY, US Dollar vs Japanese YenUSDJPY is forming a new ascending wave towards 115.45 and may later resume trading downwards to break 114.78. After that, the instrument may continue falling with the target at 114.04.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9232. Possibly, the pair may break it to the upside and reach 0.9294. Later, the market may start a ne decline to break 0.9232 and ten continue falling with the target at 0.9136.AUDUSD, Australian Dollar vs US DollarAfter forming a new consolidation range around 0.7100 and breaking it to the upside, AUDUSD is expected to continue trading upwards with the target at 0.7157. Later, the market may start another decline…

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