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Technical Analysis & Forecast 26.07.2023
EURUSD has reached the local target of a declining wave at 1.1020. The market is consolidating above this level today. A link of growth to 1.1070 is expected to develop, followed by a drop to 1.1046. Next, the pair could rise to 1.1100, from where the correction might expand to 1.1125 (with a test from below). When it is over, a new wave of decline to 1.0977 could start. This is the first target. GBPUSD has completed a structure of a wave of growth to 1.2903. At the moment, a consolidation range is forming under this level. Exiting the range upwards could open the potential for a structure of growth to 1.2929, ... (full story)