Traders have probably noticed that as of late, that the once highly volative and active EURUSD has seen very low volatility and narrow trading ranges. On Wednesday, the pair was up by 0.1% for the day, during the US session, marking a daily move of 10 pips. While it is still the most globally traded pair, this volatility is not enough for traders to base their strategies on.
The truth is, between July and October the pair has barely moved. Its July highs were at 1.20 and lows at 1.16. In simpler terms, its range is at 400 pips over the period of three months, and on most days more…