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Forex Technical Analysis Forecast 27.08.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1777 and finishing the first descending impulse at 1.1741, EURUSD is correcting to the upside to reach 1.1763, thus forming a new consolidation range around 1.1754. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1720; if to the upside form one more ascending structure towards 1.1788 and then start a new decline to reach the abovementioned target.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3767 and completing the descending impulse at 1.3680, GBPUSD is forming a new consolidation range around 1.3690. If later the price breaks this range to the downside, the market may fall to reach 1.3650; if to the upside correct to test 1.3727 from below and then resume trading within the downtrend with the target at 1.3600.USDRUB, US Dollar vs Russian RubleUSDRUB has finished another ascending structure at 74.45; right now, it is consolidating below this level. Possibly, today the pair may break this range to the downside and resume trading downwards to break 73.80. After that, the instrument may continue falling with the target at 72.88.USDJPY, US Dollar vs Japanese YenAfter rebounding from 110.20, USDJPY is trading downwards to reach 109.50. Possibly, the pair may break the latter level and then continue moving within the downtrend with the shortterm target at 108.96.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending structure at…

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