FX.co ★ Wave analysis of EUR/USD for July 30, 2010

Yesterday, the EUR/USD price hit the target level around 1.3100. Thus, it can be supposed that the current stage of the euro growth is coming to the end. Most likely, the completion of the formation of the 5th wave in the 5th (in 3 (or C)) should be awaited. At the same time, the price can form a top in quite wide price diapason, which starts at yesterday’s high and lasts to 1.3150.