Forex Daily Podcast - Wednesday, January 25

The currencies have still not moved far enough to label the correction from this past weekend complete. If this correction is becoming more complex here look for the EUR to trade down without traveling any higher immediately this morning. Then look for a trade up for the final push. If the EUR moves immediately higher then look for a completion of the mid-November correction near the 1.2350-1.2400 level and a trade down. We should start seeing an upward move on the EUR end in the next days to week to complete our mid-November correction. We may not be able to publish our podcast for Thursday or Friday as we will be traveling, but will make our best effort. We will be posting on Monday for certain. The EUR currently trades at 1.2298. The GBP currently trades at 1.7894. The CHF currently trades at 1.2596. The JPY currently trades at 114.81 The CAD currently trades at 1.1497. Forex Currency trading is very risky, please read the disclaimer on our web site. Visit us on the web at www.elliottexchange.com or at forex.podomatic.com. Good Luck and Good Trading