Volatility is down
The EURUSD has done what one might have expected it to do from a technical perspective in trading today.
The overall volatility is down today. The low to high trading range is currently 89 pips average over the last 22 trading days has surged to 134 pips. – largely a reflection of the oversized trading ranges seen over the previous 5 days. Nevertheless, there is room to extend the range.