Daily HFT Trade Setup – EURUSD Has Reached the HFT Sell Zone


The analysis of high frequency trading algorithms this morning indicates that potential trade setups from the short side may be provided on the EURUSD major currency pair.

Namely, EURUSD has already reached the light HFT selling pressure zone that is found today at 1.1904 and above. The bears will be looking for some bearish signal or pattern to occur in this area as a confirmation for taking a short position. For example, reversals in the FxTR Master MACD indicator can be used to confirm a sell setup here.

The light HFT buying pressure zone to the downside is located today at 1.1816 and below.

Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)