Forex Daily Podcast

The EUR started as we expected on Friday with a slight move down followed by an upward correction, then it revealed itself with a continued downward move. This continues to bolster our position that the upward correction is now complete and the next move down on the EUR has already begun. This morning the charts look at bit ugly for trades, but we expect some upward correction to occur from Fridays move down before the EUR continues to move lower. We will be looking for entries down on the EUR once this minor correction upward from Friday is complete. Our target on the EUR is 1.15 and below. We will be looking for trade entries down. The EUR currently trades at 1.2085. Our target on the GBP is 1.6700 and below. We will be looking for trade entries down after a minor correction upwards. The GBP currently trades at 1.7652. Our target on the CHF is 1.33 and above. We will be looking for trade enties up after a minor correction downwards. The CHF currently trades at 1.2866. The JPY continues to move high