Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 23, 2012 15:49:33

Forex trader eyes 23/04/2012

ColosseumToday we focus on cross-EURGBP currency pair and the opportunities arising from expected future developments and not only in this currency. This currency pair has created us to H4 quite interesting flag, which is already tested. H4 graph EURGBP Looking at the monthly chart we had a very interesting situation where the market is currently "sitting" on the support (price around value 0.81500) great 1-2-3 formation, which rotates the trend and, if successful acknowledgment = break out of formation "flag" and # 160; to H4, the market could doputovat to the trend line. EURGBP chart, Monthly This situation has všakand # 160; significant impact on other currency pairs which the EURGBP. Given that this is a cross-pair, is also interesting to look at this in combination with currency USD. There is quite visible that at present is far stronger currency pair GBPUSD and EURUSD far weaker.How is it used? And # 160; for trading on the rise it is better to use the GBPUSD currency pair to trade and the decline in the "ride" on the weak EURUSD. As shown in Figure vývov on these two currency pairs are currently doběand # 160; případěand significantly different and # 160; further decline in EURGBP, this difference will grow. Grafand # 160, and # 160; GBPUSD / EURUSD, H4 Source: Colosseum MT4 TO THIS MESSAGE MAY APPLY TO DECREE No. 114/2006 Coll. On the fair presentation of investment recommendations. IN THIS REPORT IS PROVIDED PERSON THAT COMPANY FOR THIS MESSAGE created or prepared. ADMINISTRATIVE OFFICE THAT the company is exercised SURVEILLANCE, THE CZECH NATIONAL BANK. ACCORDING TO CONSIDER WHETHER THE CIRCUMSTANCES, which might impair OBJECTIVITY THIS REPORT. Remuneration of persons who participated in the creation of this report is not derived from the operations of companies.Potential conflicts of interest relating to this report IS MODIFIED company's internal regulations. RESULTS OF PREVIOUS YEAR are no guarantees for future development. TRADING NAand # 160; financial markets is risky. POSSIBILITY OF A LOSS CAN NOT EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; Oand # 160; risks.

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