Like like the USDCAD & USOIL pair, EURUSD is negatively correlated to USDCHF. You need to know this kind of information if you happen to be trading both pairs. If EURUSD goes up, then USDCHF will go down.
For PAIRS you do trade, put in BROWSER: example> EURUSD personality and read about how this pair acts. Just like your family or friends--- all have their PERSONALITIES, which you should be aware of, because you can't trade all pairs in same way. You need to adjust strategy and be flexible, so you can trade with each's pairs PERSONALITY.
FYI: The EURUSD is the number #1 traded pair on the FOREX binary option market, with around 28% of total volume of trades, per day. It has high liquidity and large retracements. It is slow an stable in PA. Mostly respects support and resistance areas on higher time frame charts. Daily range: 90-100 pips. Best times to trade GMT from 7 am to 5 p.m. When USD is weak, pair will go higher and visa versa. PA move happens with EURUSD 1st, then USDCHF price action move happens shortly afterwards. TMI or to much information does not apply when binary options trading!!!
Comments
Vedmurti
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Can you tell me the best coorelation time in indian time because it happens 4 to 5 times in a day will close the trades within few minutes i want the exact entry point when u enter into the market sothat i will get coorelation time very soon. Pm rohit.ved2004@gmail.com thanks
harilaos
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the question is if EURUSD goes -0.74 and related pair USDCHF up 0.47, then why should someone trade the latter? thank you