FX.co ★ Wave analysis of EUR / USD for January 24. Euro shows a willingness to grow

Wave counting analysis:

On Wednesday, January 23, trading ended for EUR / USD by 25 bp increase. According to Fibonacci, this growth including the unsuccessful attempts to break through the levels of 38.2% and 23.6%, suggest that the pair is ready to build a new upward wave, presumably 5, as part of the uptrend trend. If this is true, then the increase in quotations will continue with targets located about 16 figures. At the same time, a breakthrough of the minimum of the assumed wave 2 will lead to the complication of the entire wave marking.

Sales targets:

1.1345 - 38.2% Fibonacci

1.1315 - 23.6% Fibonacci

Shopping goals:

1.1599 - 161.8% Fibonacci

1.1677 - 200.0% Fibonacci

General conclusions and trading recommendations:

The pair allegedly completed the construction of wave 4, in s. The main scenario is the increase within wave 5. I recommend to make purchases with a protective order under the minimum of wave 2, c, with targets located near the estimated marks 1.1599 and 1.1677, which corresponds to 161.8% and 200 0% Fibonacci.