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Forex Technical Analysis Forecast for September 2021

EURUSD, Euro vs US DollarAs we can see in the daily chart, EURUSD is expected to update the high at 1.1860 and then start a new correction towards 1.1793. After that, the instrument may form one more ascending wave to reach 1.1910 and then start another correction to return to 1.1793. In fact, the asset is expected to form a new consolidation range around 1.1793.GBPUSD, Great Britain Pound vs US DollarIn the daily chart, after breaking 1.3750 to the upside, GBPUSD is consolidating around this level and may expand this range up to 1.3820. After that, the instrument may fall to test 1.3750 from above and then start another growth towards 1.3900. Later, the market may form a new descending structure to return to 1.3750.USDRUB, US Dollar vs Russian RubleAs we can see in the daily chart, USDRUB is still forming the fifth descending wave towards 72.10. This month, the asset may fall to reach 72.35 and then start a new correction to test 73.33 from below. Later, the market may resume falling to reach 72.10 and then form one more ascending wave with the target at 73.50.USDJPY, US Dollar vs Japanese YenIn the daily chart, USDJPY is forming the first descending wave towards 108.05; right now, it is consolidating around 110.00. The main scenario implies that the price may expand the range down to the first target at 108.05. After that, the instrument may correct to test 110.00 from below and then start a new decline with the target at 106.20.BRENTAs we can see in the daily chart,…

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