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Forex Technical Analysis Forecast 01.06.2022

EURUSD, Euro vs US DollarHaving completed the descending impulse at 1.0680 along with the correction up to 1.0746, EURUSD is forming another descending wave towards 1.0623. Later, the market may form one more ascending structure to return to 1.0680 and then resume moving within the downtrend with the target at 1.0584.GBPUSD, Great Britain Pound vs US DollarGBPUSD is still consolidating below 1.2565. Today, the pair may fall to break 1.2466 and then continue moving within the downtrend with the target at 1.2350.USDJPY, US Dollar vs Japanese YenUSDJPY has finished the ascending wave at 129.20. Possibly, today the pair may fall towards 127.87 and then start a new growth to reach 129.35. Later, the market may resume trading downwards with the target at 127.70.USDCHF, US Dollar vs Swiss FrancUSDCHF is growing towards 0.9633. Possibly, the pair may break this level to the upside and continue trading upwards with the shortterm target at 0.9700.AUDUSD, Australian Dollar vs US DollarAUDUSD continues falling towards 0.7130. Later, the market may start another correction up to 0.7160 and then resume falling with the target at 0.7118 or even extend this structure down to 0.7033.BRENTAfter reaching 123.24, Brent is expected to correct down to 115.40. Later, the market may form one more ascending wave with the target at 123.30 or even extend this structure up to 135.00.XAUUSD, Gold vs US DollarHaving formed a new consolidation range around 1847.10 and broken it to the downside, Gold is…

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