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CURRENCIES TECHNICAL ANALYSIS May.26

EURUSD

It seems that the double zigzag formation on [a] wave came to an end hence the further pair lowering might be expected on (a) wave in short-term plan that could lead to the local minimums breakout.

GBPUSD

[iv] correction wave formation continues by British pound.Previously the bullish extension on [iii] wave was formed. As a result one more bullish impulse on [v] wave is possible here.

USDJPY

(ii) wave formation continues on Japanese Yen. On (i) the ascending impulse was formed previously. Therefore the price could continue down-gronwth in local minimum direction.

AUDUSD

[iii] down-wave extension formation continues on [iii] wave. Inside that wave the second wave seems to be completed. In short-term plan the market lowering resuming is expected on (iii) wave. Thereafter the (i) wave's minimum breakout is probable.

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