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Forex Technical Analysis Forecast for 12.08.2021

EURUSD, Euro vs US DollarThe currency pair completed a wave of decline to 1.1705 and demonstrated a link of growth to 1.1750. Today we expect a consolidation range to form right under this level. It might then extend to 1.1766. Then the price should drop to 1.1720, break through it, and open a way to 1.1675.GBPUSD, Great Britain Pound vs US DollarThe currency pair completed a wave of decline to 1.3802 and started developing a correction. Today the price might spring to 1.3894. Then another wave of decline to 1.3750 should start. The goal is local in this structure of decline.USDRUB, US Dollar vs Russian RubleThe currency pair performed a correction to 74.10, bounced off it, and is now developing another wave of decline. Today it might reach 73.33. Then a consolidation range should form around this level. With an escape downwards, the price might decline to 72.70. With an escape upwards, a link of correction to 73.73 might follow, after which the trend should continue to 72.00.USDJPY, US Dollar vs Japanese YenThe currency pair demonsttated a wave of growth to 110.70, bounced off it, and is now trading in a structure of decline to 110.05. Growth to 110.40 should follow. At these levels, we expect a consolidation range to form. With an escape upwards, we expect growth to 110.08. With an escape downwards, a pathway to 109.60 should open.USDCHF, US Dollar vs Swiss FrancThe currency pair keeps developing a correction to 0.9198. After this level is reached, we expect a link of…

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