FX.co ★ EUR/USD wave analysis for April 21, 2011

Yesterday the EUR/USD currency pair was trading dynamically in favour of the European currency, which in its turn allowed the price to test the 45 figure level. At the same time, the 3rd wave of this new uptrend section became quite prolonged in relation to its 1st wave. Given this, we might suppose that the euro can continue growth in the direction of the estimated target level located near the 1.4620 level.