Forex Daily Podcast

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Forex Daily Podcast - Monday, January 23, 2006

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January 23, 2006 04:11 AM PST

The EUR is fast approaching our 1.2350-1.2400 target. We should see a period of consolidation across all the currencies early this week. We don't see any obvious trades unless you want to trade a correction against the big moves on Friday. Don't be greedy as you will be trading against the short term trend. Look for pullbacks as opportunities to enter in the same direction as the move on Friday.

The EUR currently trades at 1.2273.
The GBP currently trades at 1.7826.
The CHF currently trades at 1.2606.
The JPY currently trades at 114.26
The CAD currently trades at 1.1503

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Podcast Summary

Our daily Forex podcast provides a roundup of the currencies and insight into the future. We discuss specific currencies as well as trading tactics and techniques to make your trades more successful. Brought to you by ElliottExchange at www.elliottexchange.com.