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Forex Technical Analysis Forecast 26.05.2022

EURUSD, Euro vs US DollarAfter finishing the descending impulse at 1.0643 along with the correction up to 1.0705, EURUSD is forming a new descending structure to break 1.0640 and may later continue trading downwards with the shortterm target at 1.0575.GBPUSD, Great Britain Pound vs US DollarGBPUSD has formed a new consolidation range below 1.2596. Possibly, today the pair may form another descending structure towards 1.2355. After that, the instrument may form one more ascending wave to test 1.2470 and resume trading downwards with the target at 1.2155.USDJPY, US Dollar vs Japanese YenUSDJPY is still consolidating around 127.20. Possibly, the pair may grow towards 128.02 and then start a new decline with the target at 126.20.USDCHF, US Dollar vs Swiss FrancUSDCHF is consolidating above 0.9575. Today, the pair may grow towards 0.9750 and then start a new decline to reach 0.9662. After that, the instrument may resume trading upwards with the target at 0.9920.AUDUSD, Australian Dollar vs US DollarAfter completing the descending impulse at 0.7035 along with the correction up to 0.7107, AUDUSD is expected to start another decline to break 0.7030 and then continue trading downwards with the target at 0.6920.BRENTBrent is still consolidating above 112.00. Possibly, the asset may form one more ascending wave to break 114.90 and then continue the uptrend with the target at 118.36.XAUUSD, Gold vs US DollarGold is still correcting down to 1839.36 and may later form one more ascending…

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