A "range" is an area between support and resistance where a pair's price action is confined.

For example if the EUR/USD is said to be "ranging between 1.4000-1.4100" then 1.4000 is pair support and 1.4100 is resistance and the pair is expected to remain between these areas for the time being. Many traders develop specific trading strategies for range-bound markets. Oscillators such as RSI and stochastics are also most-valuable in ranging markets.

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