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Forex Technical Analysis Forecast 24.08.2021

EURUSD, Euro vs US DollarAfter breaking 1.1705 to the upside, EURUSD is still growing towards 1.1755. Later, the market may form a new descending structure to break 1.1700 and then continue falling with the target at 1.1600.GBPUSD, Great Britain Pound vs US DollarGBPUSD is correcting towards 1.3737 and may later trade downwards to break 1.3670. After that, the instrument may continue falling within the downtrend with the target at 1.3597.USDRUB, US Dollar vs Russian RubleUSDRUB is about to finish the correction towards 74.20 and may later form a new descending impulse to break 74.00. After that, the instrument may continue trading downwards with the shortterm target at 73.73.USDJPY, US Dollar vs Japanese YenAfter rebounding from 110.10 and completing the descending structure at 109.63, USDJPY is correcting upwards. Later, the market may start a new decline to break 109.45 and then continue falling within the downtrend with the target at 109.03. On the other hand, if the price grows and breaks 110.13, the market may form one more ascending structure to reach 110.77.USDCHF, US Dollar vs Swiss FrancUSDCHF is still consolidating around 0.9126. Possibly, today the pair may break the range to the upside and reach 0.9166. After that, the instrument may start a decline towards 0.9141 and then form one more ascending structure with the target at 0.9222.AUDUSD, Australian Dollar vs US DollarAUDUSD is still correcting towards 0.7247. Later, the market may resume trading within the…

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