The daily range in Forex refers to the difference between the highest and lowest price levels that a currency pair reaches during a trading day. It measures the extent of price movement within that day and is a key metric for traders to evaluate market volatility and identify trading opportunities. Why the Daily Range Matters: Volatility Assessment: A larger daily range indicates higher volatility, which can provide more trading opportunities for intraday traders. Risk Management: Understanding the daily range helps traders set realistic stop-loss and take-profit levels. Strategy Planning: Traders often align their strategies with the average daily range, using it to identify key breakout levels or potential reversal zones. #PinoyForexCommunity