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Forex Technical Analysis Forecast 08.09.2021

EURUSD, Euro vs US Dollar After completing the descending structure at 1.1859 and forming a downside continuation pattern there, EURUSD has broken this level. Possibly, today the pair may fall towards 1.1834 and then resume growing to test 1.1859 from below. Later, the market may form a new descending structure with the shortterm target at 1.1822 and then start another growth to return to 1.1859. After that, the instrument may resume trading downwards to reach 1.1800.GBPUSD, Great Britain Pound vs US DollarAfter breaking 1.3809 to the downside, GBPUSD is falling with the shortterm target at 1.3762. After that, the instrument may return to 1.3809 to test it from below and then form a new descending structure with the first target at 1.3726.USDRUB, US Dollar vs Russian RubleUSDRUB is still correcting. Today, the pair may grow to break 73.80 and then continue the correction towards 73.90. Later, the market may resume trading downwards with the target at 72.37.USDJPY, US Dollar vs Japanese YenAfter breaking 110.00 to the upside and returning to the downside border of the previous range, USDJPY is expected to continue the correction towards 110.43. After that, the instrument may rebound from this level and fall to return to 110.00. Later, the market may break this level and continue falling with the target at 109.60.USDCHF, US Dollar vs Swiss FrancUSDCHF has broken 0.9166; right now, it is still growing to reach the shortterm target at 0.9200. After that, the instrument may…

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