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What is Currency Pair Correlations Explained about?

1) The EUR/USD and USD/CHF currency pairs have an inverse relationship, where if one rises the other falls. 2) Traders should not take positions in both currencies at the same time since their movements are opposites. 3) Instead, traders can use the movement of one currency pair to confirm potential trades in the other through looking for matching setups. Taking positions this way reduces risk.

Author

toto2000

Language

EN