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Forex Technical Analysis Forecast 17.08.2021

EURUSD, Euro vs US DollarEURUSD is still correcting towards 1.1762. Later, the market may form one more ascending structure to reach 1.1806 and then resume falling with the target at 1.1700.GBPUSD, Great Britain Pound vs US DollarAfter completing the ascending wave at 1.3877 and rebounding from this level, GBPUSD has broken 1.3822; right now, it is still trading downwards. Today, the pair may fall to break 1.3780 and then continue falling within the downtrend with the target at 1.3750.USDRUB, US Dollar vs Russian RubleUSDRUB is steadily consolidating around 73.33. Possibly, the pair may fall to break the downside border of the range at 73.10 and then continue falling with the target at 72.72.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating. Possibly, the pair may break the range to the downside and continue falling within the downtrend with the shortterm target at 108.20. On the other hand, the price may break the range to the upside and correct to test 110.00 from below. Later, the market may form a new descending structure to reach the first target at 108.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is expected to test 0.9145 from below and then fall with the shortterm target at 0.9053. After that, the instrument may start a new correction to return to 0.9145 and retest it from below.AUDUSD, Australian Dollar vs US DollarAfter rebounding from 0.7340, AUDUSD has reached 0.7303. Possibly, the pair may grow to test .7323 from below and then resume trading within…

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