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Forex Technical Analysis Forecast 29.07.2021

EURUSD, Euro vs US DollarEURUSD has completed the ascending wave at 1.1850; right now, it is consolidating around this level. If later the price breaks this range to the upside, the market may continue the correction towards 1.1924 and then start a new decline to test 1.1850 from above.GBPUSD, Great Britain Pound vs US DollarGBPUSD has formed the consolidation range around 1.3876. Possibly, the pair may continue the correction towards 1.3975 and then form a new descending structure to test 1.3876 from above. Later, the market may start another growth with the target at 1.4000.USDRUB, US Dollar vs Russian RubleUSDRUB has finished the descending wave at 73.45. Today, the pair may start another growth towards 73.88 and then resume trading downwards to break 73.00. After that, the instrument may continue falling with the shortterm target at 72.66.USDJPY, US Dollar vs Japanese YenAfter rebounding from 110.25, USDJPY is forming a new descending structure towards 109.40. Later, the market may start a new correction with the target at 110.20.USDCHF, US Dollar vs Swiss FrancAfter completing the descending wave at 0.9105 and forming a new consolidation range around this level, USDCHF has broken it to the downside. Today, the pair may extend the correction down to 0.9044.AUDUSD, Australian Dollar vs US DollarAUDUSD is still consolidating below 0.7388. Possibly, the pair may break the range to the upside and grow towards 0.7510. Later, the market may return to 0.7380 to test it from…

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