Knowing that the Eur/Usd and the Usd/Chf are negatively correlated, does one of the pairs usually lead the moves? For instance on the one hour charts both pairs have used the 50 and 100 SMA’s as support and resistance. very recently the chf broke upward thru the MA’s while the Eur is still going sideways, however there is divergence when looking at the macd. Indicating that it will break down soon. So back to the question, does the EUR or CHF move first? or does it vary with the situation?
thanks, Duston