Daily HFT Trade Setup – EURUSD Just Reached the Light HFT Buying Zone
This morning's analysis of high frequency Fx trading algorithms shows that the EURUSD pair has reached the light HFT buying pressure zone that is noted today at 1.2174 and below. The price reacted well there, and the pair has already bounced.
EURUSD bulls will be looking for confirmation signals today to establish long positions. The advanced FxTR indicators such as the Master MACD or the overbought/oversold indicator can be used to get such confirmation on potential buy entries.
Traders may look for range-trading opportunities with upside targets toward the recent local highs. The light HFT selling pressure zone is also located at 1.2214 and above for today's trading session.
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