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Forex Technical Analysis Forecast 31.08.2021

EURUSD, Euro vs US DollarAfter forming a new consolidation range below 1.1805 and breaking it to the upside, EURUSD continues trading upwards. Possibly, today the pair may reach 1.1827 or even extend this structure up to 1.1837. Later, the market may form one more consolidation range. If the price breaks this range to the downside, the instrument may start a new correction with the target at 1.1750.GBPUSD, Great Britain Pound vs US DollarAfter rebounding from 1.3733 and breaking 1.3760, GBPUSD is expected to expand the consolidation range up to 1.3802. After that, the instrument may start another decline to break 1.3733 and then continue trading downwards with the target at 1.3678.USDRUB, US Dollar vs Russian RubleUSDRUB has formed a new consolidation range around 73.55. Today, the pair may fall to break 73.33 and then continue trading downwards with the shortterm target at 72.93.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 109.80. Possibly, today the pair may form a new descending structure to break 109.47 and then continue moving within the downtrend with the shortterm target at 108.80.USDCHF, US Dollar vs Swiss FrancAfter finishing the ascending impulse at 0.9184, USDCHF is correcting towards 0.9135. After that, the instrument may form one more ascending structure to break 0.9200 and then continue trading upwards with the target at 0.9250.AUDUSD, Australian Dollar vs US DollarAUDUSD is growing towards 0.7335 and may later start a new decline to…

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