FX.co ★ EUR/USD wave analysis for January 25, 2011

Having slightly declined in early trading, the EUR/USD pair managed to gain 1.5 figures later in the day. At the same time, now waves 1 and 3 in the estimated с are almost equal, based on this soon beginning of formation of the 4th corrective wave in this с might be expected. It is worth mentioning that given the current situation, it still might try to reach the target level near 1.3830.