FX.co ★ EUR/USD wave analysis for January 20, 2011

The EUR/USD currency pair resumed growth and gained 150 pips during yesterday’s trading. At the same time the formation of estimated 5th wave (in the 5th) inner wave structure of the whole uptrend developed since January 10. It is also worth mentioning that further testing of yesterday’s target level (with the price coming to 1.3540) and complication of the 5th wave structure (in the 5th) allow the euro to reach the levels near the 36 figure.