I have a question about "daily range" . . . say EURUSD has an average of 100-120 pips. Is this figured by just subtracting the daily low from the high and averaging a lot of days or are the retracements during the day also figured in to this calculation in some way.
In other words, are we just concerned with highs and lows, or are we dealing with the total number of pips a currency travels during the day?
In other words, are we just concerned with highs and lows, or are we dealing with the total number of pips a currency travels during the day?