Forex Daily Podcast

The EUR currently trades at 1.2065. Since we only had a 3 wave move up from this morning's low, the indication is the EUR should trade to a new low before beginning it's final push up. 1.7617 is the balance point for the GBP. If you can get a trade up with less than 20 pips stop it might be worth the risk. If it breaks 1.7617 you should have 50 pips on the downside. Be very patient on your upside entry as this would be opposite move of the EUR. The GBP currently trades at 1.7660. If the CHF break 1.2817 then it will likely run to 1.2934. If the JPY breaks 114.80 then look for it to run to 115.44. before starting the next move down. If it doesn't break this point then you may want to enter a trade down with a stop just above 114.80 provided you only take on 10-20 pips of risk. The JPY currently trades at 114.36. The CAD currently trades at 116.80 and should have another run up the 1.1730 level. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the we