EUR/USD wave analysis for May 30, 2011

The EUR/USD currency pair continued to move upside, forming a quite complex wave situation of the whole upside movement developing since May 23. At the same time, given the correction scenario, such growth of the price can be considered as a forming structure of the c wave, in the B. If so, the targets for this c wave, in the B, may be located near the 1.4450 level.