In trading, a ‘pip’ is a very small price movement. The term is short for ‘percentage in point’. Traditionally, a pip is essentially the smallest move that a currency could make in forex trading. It ...
31 pip trading range for the day is now 61 pips. The EURUSD has moved higher in the early NY trading but is already back down. It had to do something. The day started with only a 31 pip trading range.
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