Daily HFT Trade Setup – HFT Algorithms Buying Lifts EURUSD This Morning
This morning's activity of high frequency trading algorithms in the Fx market indicates that the EURUSD pair may be a potential buying opportunity for the current day-trading session.
During the previous hourly candle, EURUSD reached the light HFT buying pressure zone that is found at 1.1813 and below. The downside attempt was rejected swiftly there, and EURUSD is now well above the HFT buying zone. The 1.1850 round number level could be the next resistance hurdle. If the bulls are able to take the price above it, further upside will likely be unlocked.
The light HFT selling pressure zone is located today at 1.1912 and above, which the bulls may use for determining profit targets.
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