The range for today in EUR/LVL is a high of 0.7018 and a Low of 0.6995. Right now the bid/ask is 0.7005 and 0.7036.
What does this mean in pips as far as risk is concerned upon entering and where would price have to go in order for me to break even if I got long or short this market? Thanks for the help.
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Terry
Great Reference. I’m reading it now. Thanks Terry
I want to make sure I have this right. Looking at the past few days of trading in the EUR/LVL, the average high of almost every Price bar has been 0.7020, and the low of almost every price bar has been 0.6980. The Bid has had a high of 0.7010 and a low of 0.6980 and the Ask has had a high of 0.7060 and a low of 0.7030. If these highs and lows represented the hypothetical ranges for the bid and ask for the past few days, then so far, it has been impossible for a trader to make any money. The lowest I’ve been able to buy would be 0.7030 and the highest I’ve been able to sell is 0.7010 Am I understanding this correctly?
Glad I could help.
Without seeing an actual chart, that’s how it sounds to me, too.
There may not be much liquidity in that pair.
Terry