Quote from sakhter:
If you cynics only knew..
Here are 8 pure price levels.
1.5287, 1.4982, 1.4902, 1.4808, 1.4719, 1.4631, 1.4603, 1.4535.
Plot those prices on your EURUSD chart. Let me know how things turn out. Use your own risk management.
ALL prices posted are within two sigmas on 1M implied vol. Fully 5/8 (63%) of your levels are within 2 sigmas on 7-day implied vol, which is really convenient for your skeptics. Stat-vol will give you the same output within a few pips.
9% vol on 1W duration
10% vol on 1M duration
IV data courtesy of Thomson/IFR