Berlin, Europe
Market Wizard
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
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If you have a long position USD.CHF you will make a profit, if USD moves up against CHF and a loss, if USD moves down against the CHF. This position is not related to the Euro except if you think that the CHF moves in lockstep with EUR.
The USD.CHF position is identical with the combination of
- a long position USD.EUR
- and a short position CHF.EUR
The Euro risk cancels out.
Where the Euro comes into play is, when you convert your gains or losses.
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