Eur/gbp

[benmaya]

Hi all,

It is quite clear that the pairs is trading in a range for the last two weeks. My question is how to trade this?
Should I wait to breakout on one side and go with it? or treat a breakout as false and go the opposite direction?

thanks!

 

[Lord Flasheart]

I sometimes use correlation between them both and and eur/gbp
example. If the eur and gbp are both down againts the $,then I look at the eur/gbp chart to see which is the weeker and then sell that one