The EUR/GBP opened April at 0.8496. During the month the pair traded to a high of 0.8590. From here we fell to a low of 0.8312, only to rally back higher.
The 278 odd pips of range is not a lot for one month of trading in a major currency pair. This underscores that apart from the direction, the volatility has been absent as well. We are currently quoted at 0.8426, barely 70 pips away from the month's open.
On the longer-term charts the bias toward range-bound trading is visible as well. On the …
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