Hi All,
It is common knowledge EURUSD and USDCHF pairs tend to mirror each other. My question is, buy how much... let me explain. One lot of EURUSD is not worth the same as 1 lot of USDCHF. So when one moves up 10 pips, does the other move down 10 pips, or by the same lot dollar amount? (I understand that it won't move exactly the same, but as a general rule, and on average)
I know I have worded this question poorly... I know what I want to say, but having a bit of trouble articulating it... hopefully you get what I mean.
It is common knowledge EURUSD and USDCHF pairs tend to mirror each other. My question is, buy how much... let me explain. One lot of EURUSD is not worth the same as 1 lot of USDCHF. So when one moves up 10 pips, does the other move down 10 pips, or by the same lot dollar amount? (I understand that it won't move exactly the same, but as a general rule, and on average)
I know I have worded this question poorly... I know what I want to say, but having a bit of trouble articulating it... hopefully you get what I mean.