The EUR/USD wave analysis for December 30, 2010

In general the EUR/USD pair situation has been developing as expected, but it was more dynamic. As a result we can see that the d wave of the supposed triangle is completed and the growth from the 1.3080 level will be limited by its future e wave. At the same time, forthcoming holidays might provide the conditions for the wave of the correction triangle to become more complex and prolonged, which will allow the price to advance to levels above the 34 figure.