EUR/USD wave analysis for 3 June 2010

The EUR/USD price continued to slide down along the upper line of the inclined corridor and all day yesterday fluctuated around the levels of the 22nd figure. The overall wave picture has not changed and it allows continuation of the decline to marks near 1.1800. On the flip side, long-drawn sideways trend can transform in horizontal triangle structure. In any case, the whole downward part of the trend after April 12 does not look completed.