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06/02/2014: Analysis of the average daily pip range on EUR/USD

The average daily pip range on Euro/Dollar continues to fall

Since 2009 the average number of pips that Euro/Dollar has traded between the high and the low on a daily basis has fallen fairly consistently:

  • 170 pips in 2009
  • 152 pips in 2010
  • 159 pips in 2011
  • 108 pips in 2012
  • 98 pips in 2013

So, for the current year to date, the average pip range on Euro/Dollar is now just 75 pips.

The data for February and March in each of those years shows a similarly consistent decline:

            Average pip range low to high
Year February March
2009 207 218
2010 145 145
2011 133 127
2012 125 112
2013 124 111
2014 73  57 (after 3 days)

The table shows that February and March have very similar for pip ranges in the past 5 years, with March, if anything a little bit lower than February. The daily pip range for February 2014 was 73. After just 3 days of March this average daily pip range is even lower at 57!

This suggests that the way things have started in 2014, Euro/Dollar continues to become less volatile from the perspective of its average daily trading range.

Day traders on Euro/Dollar take note.

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Research Risk Warning

At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.