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Forex Technical Analysis Forecast 26.01.2022

EURUSD, Euro vs US DollarAfter finishing another descending structure at 1.1263, EURUSD is growing towards 1.1315, thus forming a new consolidation range around the latter level. If later the market breaks the range to the upside, the price may form one more ascending structure towards 1.1400; if to the downside start a new decline with the target at 1.1200.GBPUSD, Great Britain Pound vs US DollarGBPUSD has broken 1.3495 to the upside. Today, the pair may continue the correction to reach 1.3550. After that, the instrument may form a new descending structure with the target at 1.3355.USDRUB, US Dollar vs Russian RubleHaving broken the ascending channel, USDRUB is expected to fall and break 78.30. Later, the market may continue trading downwards with the target at 77.40.USDJPY, US Dollar vs Japanese YenAfter rebounding from 114.14, USDJPY is still falling towards 113.38. Later, the market may start another correction to reach 114.00 and then resume trading downwards with the target at 113.07.USDCHF, US Dollar vs Swiss FrancUSDCHF has finished the ascending structure at 0.9200 along with the descending wave towards 0.9162. Possibly, today the pair may form a new descending structure to reach 0.9145 and then resume trading upwards with the target at 0.9216.AUDUSD, Australian Dollar vs US DollarAfter completing the ascending structure at 0.7168, AUDUSD is expected to fall and break 0.7119. After that, the instrument may continue trading downwards with the target at…

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