Forex Daily Podcast

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Forex Daily Podcast - Tuesday, March 28, 2006

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March 28, 2006 05:21 AM PST

FOCUS ON THE EUR DOWN Today we are only focusing on the EUR and the GBP. The EUR looks to have completed a zig-zag up or very nearly so, this next move down should be the 1 of a 3 so it should be the start of something good. If the EUR rises above 1.2207, then this forecast is invalid. Same with the GBP, 1.7510 should mark then end of it's countertrend rally or nearly so. The next move down is targeting 1.6900 and below. As long as 1.7596 remains intact this is the most probable move. The CHF is the opposite of this, but the stop
is not as attractive.

The EUR trades at 1.2081.
The GBP trades at 1.7499.

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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.