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We are analyzing Fx HFT algorithms this morning and note that the EURUSD pair is nearing to what may turn out to be a selling point on the charts.
Namely, EURUSD is inching toward the light HFT selling pressure zone this morning, which is located at 1.2093 and above for today's trading session.
Interestingly, the price has already reacted even ahead of the designated HFT sell area. The reaction here may serve as a precursor for what is to come when and if EURUSD reaches the HFT sell zone.
To the downside, the light HFT buying pressure zone is seen today at 1.2014 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)
