Does trading the Cross pairs makes any sense at all, other then for hedging and amplification of moves. Why? Take for example: EUR/GBP, it is a result of EUR/USD divided by GBP/USD. SO whatever happens to EUR/GBP is just driven by people trading its components most of the time, not because of its own technical levels.
And i realised that if you divide realtime quotes of EUR/USD by GBP/USD, you will not get the exact of EUR/GBP? Does anybody have any explanation for that?
And i realised that if you divide realtime quotes of EUR/USD by GBP/USD, you will not get the exact of EUR/GBP? Does anybody have any explanation for that?