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Forex Technical Analysis Forecast 26.08.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1726, EURUSD is growing towards 1.1782 and may later fall to reach 1.1755. After that, the instrument may form one more ascending structure towards 1.1788 and then start a new decline to reach 1.1755, thus forming a new consolidation range around the latter level. Later, the market may break the range to the downside and resume falling within the downtrend with the target at 1.1663.GBPUSD, Great Britain Pound vs US DollarAfter breaking the consolidation range to the upside, GBPUSD is expected to grow towards 1.3773 and may later fall to reach 1.3740. After that, the instrument may start another growth towards 1.3780 and then form a new descending structure to break 1.3690. Later, the market may continue trading downwards with the target at 1.3598.USDRUB, US Dollar vs Russian RubleUSDRUB has finished the descending structure at 73.63 along with the ascending wave towards 74.10, thus forming a new consolidation range around the latter level. Possibly, today the pair may expand the range up to 74.44 and then fall to test 74.10 from above. Later, the market may form one more ascending structure towards 74.66 and then resume trading downwards with the target at 73.33.USDJPY, US Dollar vs Japanese YenUSDJPY has completed another ascending structure towards the upside border at 110.08. If later the price breaks this range to the upside, the market may start another growth to reach 110.30; if to the downside form a new descending…

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