Forex Daily Podcast

We've provided a potential 1100+ pips of profit since November. Donations are accepted at forex.podomatic.com. We still favor a move up on the EUR to 1.2100 level. Look for a pull-back to 1.1972 or below to enter. Stop at 1952, limit at 2072 giving a 1:5 risk:reward ratio. The EUR currently trades at 1.1989. Jury is still out on the GBP, we'd like to see it run up to match the EUR, but not sure it will. We think we are in wave c of an extended flat which would bring us up to 1.7650-1.7660 level. If this wave pulls back to below 1.7590 before running up much higher, aggressive traders may want to enter up with a stop below 1.7565. A chart is available on the web site. The GBP currently trades at 1.7607. The CHF looks like it wants to run down a little here. It currently trades at 1.2937. The JPY ran up to the 116.83 level so far and should have at least one more push higher. Once complete, we should be able to trade this down for wave 5. We added a chart to our web site to show our thoughts. T