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Daily Technical Analysis and Forecast – 6 August 2025
EURUSD Forecast On the H4 chart, EURUSD is trading within a tight consolidation range around 1.1566, forming a Pennant pattern. Today, the market may attempt an upward breakout toward 1.1616, while a downward move could reach 1.1480. A break below this range may extend the decline to 1.1344, with a potential rebound to 1.1550 later.
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