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Forex Technical Analysis Forecast 19.08.2021

EURUSD, Euro vs US DollarAfter finishing the correction at 1.1740 and rebounding from this level, EURUSD has reached 1.1680, thus forming a downside continuation pattern around 1.1711, which may be considered as the third wave to the downside with the shortterm target at 1.1616. Later, the market may start a new correction to return to 1.1711 and test it from below.GBPUSD, Great Britain Pound vs US DollarAfter completing the correction at 1.3780 and rebounding from this level, GBPUSD is still falling; by now, it has reached 1.3715. Today, the pair may continue falling towards 1.3690, which is considered as the centre of another descending wave. After that, the instrument may form a new consolidation range around the latter level in the form of a continuation pattern. The predicted downside target at 1.3600.USDRUB, US Dollar vs Russian RubleUSDRUB has finished the ascending structure at 73.93. Possibly, today the pair may consolidate around this level. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 72.70.USDJPY, US Dollar vs Japanese YenAfter completing the correction at 110.10, USDJPY is expected to consolidate there. If later the price breaks this range to the downside, the market may start another decline to break 109.33 and then continue falling within the downtrend with the shortterm target at 108.50.USDCHF, US Dollar vs Swiss FrancUSDCHF is still trading upwards to reach 0.9222. After that, the…

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