Forex Technical Analysis 29.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Being influenced by the news, #EURUSD has broken 1.1200 downwards. The market has resumed falling inside the downtrend to reach 1.0720. At the moment, the instrument is forming the first part of this wave with the target at 1.1100. Meanwhile, #GBPUSD is still falling. We think, today the price may reach 1.3000 and then consolidate and form a reversal pattern.

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