Technical analysis at the 08.07.2021

08.07.2021 EURUSD The euro-to-US dollar currency pair continues to develop a wave of declines. At the moment, the market formed a consolidation range around the level of 1.1808 and, with the way out of it, worked out the structure of the decline to 1.1780. Today we expect to reach 1.1765. After this level is worked out, the correction link to 1.1808 is not excluded. Next – a decrease to the level of 1.1722. GBPUSD The pound-to-US dollar currency pair has formed a consolidation range around 1.3797. Today we expect a decrease to 1.3721. After working out this level, the correction link to 1.3797 is not excluded. Next – a decrease to the level of 1.3673. USDRUB The US dollar-to-Russian ruble currency pair continues to form a consolidation range around the 74.40 level. Today, consider the probability of correction to 73.23. Next, consider the probability of developing another growth structure to the level of 75.00. On this we expect the correction to be completed. On line – reduction by 72.00. USDJPY Currency pair US dollar to Japanese yen trades under pressure to decrease and continues the wave development to the level of 110.27. After its development, we expect a growth link by 111.00. Next – a decrease to the level of 109.50. The target is local. USDCHF The US dollar/Swiss franc currency pair continues to develop the consolidation range around 0.9201. Today we expect a growth link by 0.9277. After that, the correction link up to 0.9131 is not excluded. Next – growth to the level of 0.9340. AUDUSD Currency pair Australian dollar to dollar The United States, with a drop from 0.7600, continues to develop another structure of decline by 0.7411. After this level is worked out, the correction link to 0.7600 is not excluded. Next – a decrease to the level of 0.7303. BRENT Oil performed a wave of decline to the level of 72.33. At the moment, the market has formed a range of consolidation over it. Consider the probability of developing a correction to 75.55. Further, we expect a decrease to 73.70. Then it is possible to develop the next growth structure to the level of 79.20. GOLD Gold formed a consolidation range over 1795.83. Today we expect the development of the next structure of the decline to the level of 1750.33. And with its breakdown, the potential for lowering to 1688.29 will open. S does not constitute a guide to trade. RoboForex is not responsible for the results of the work that may arise when using the trading recommendations from the submitted reviews.