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Forex Technical Analysis Forecast 20.08.2021

EURUSD, Euro vs US DollarAfter finishing another descending structure at 1.1665 along with the correction towards 1.1702, EURUSD has formed a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may resume trading downwards with the shortterm target at 1.1616; if to the upside correct towards 1.1740 and then start a new decline to reach the abovementioned target.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still falling towards 1.3600. After reaching this level, the instrument may correct towards 1.3690 and then fall to reach 1.3650, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may correct with the target at 1.3730; if to the downside resume trading within the downtrend towards 1.3550.USDRUB, US Dollar vs Russian RubleUSDRUB has finished another ascending structure at 74.15. 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 to break 73.40 and then continue falling with the target at 72.00.USDJPY, US Dollar vs Japanese YenAfter completing descending impulse at 109.50 along with the correction towards 109.85, USDJPY is trading downwards. Possibly, today the pair may fall to break 108.98 and then continue moving within the downtrend with the target at 108.00.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating above…

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