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Forex Technical Analysis Forecast 30.08.2021

EURUSD, Euro vs US DollarAfter rebounding from 1.1733 and then breaking 1.1777 to the upside, EURUSD has expanded the range up to 1.1807 to reach its shortterm target. Later, the market may correct to test 1.1777 from above and then form one more ascending structure with the target at 1.1814. However, any rising movements should be considered as an alternative scenario to continue the correction. The instrument may start plummeting within the downtrend at any moment.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3701 and expanding the range up to 1.3780, GBPUSD is forming a new consolidation range close to the latter level and forming another correctional structure. Possibly, the pair may start another decline reach 1.3743 and then form one more ascending structure with the target at 1.3797.USDRUB, US Dollar vs Russian RubleUSDRUB has broken 73.88 to the downside. Today, the pair may continue trading downwards with the shortterm target at 73.30. After that, the instrument may correct to test 73.88 from below and then start a new decline to reach 73.17.USDJPY, US Dollar vs Japanese YenAfter rebounding from 110.25, USDJPY is trading downwards to reach 109.47. Possibly, the pair may break the latter level and then continue moving within the downtrend with the shortterm target at 108.80.USDCHF, US Dollar vs Swiss FrancAfter rebounding from 0.9198 and then breaking 0.9155, USDCHF reached the shortterm downside target at 0.9111. Today, the pair may grow towards…

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