FOREX THEORY
Trading the Euro Crosses
The most popular EUR crosses are EUR/JPY, EUR/GBP, and
EUR/CHF.
News that affects the euro or Swiss franc will be felt more
in EUR crosses than EUR/USD or USD/CHF.
U.K. news will greatly affect EUR/GBP.
Oddly enough, U.S. news plays a part in the movement of the
EUR crosses. U.S. news makes strong moves in GBP/USD and USD/CHF. This not only
affects the price of the GBP and CHF against the USD, but it could also affect
the GBP and CHF against the EUR.
A big move higher in the USD will tend to see a higher
EUR/CHF and EUR/GBP and the same goes for the opposite direction.
Confused? Ok ok…let’s break this down.
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