I have a question that may seem stupid but its on currency correlation. I'll use the eur/usd and usd/chf pairs. I have found on other websites that in the long term and some short term times it has a near perfect correlation. For arguments sake lets just say that they are perfectly correlated. So does this mean for every 1 pip the eur/usd moves up the usd/chf will move one pip down? atleast in theory?
