Daily HFT Trade Setup – EURGBP Reached the HFT Buy Zone
Today's analysis of HFT Forex algorithms shows that the EURGBP pair may have reached a low point before it turns back higher.
Namely, EURGBP reached the light HFT buying pressure zone that is located today at 0.8597 and below. The price already reacted here, and the advanced FxTR overbought/oversold indicator shows EURGBP is in the oversold area here on the hourly chart.
A potential reversal and rebound may see EURGBP back into the daily ranges. The light HFT selling pressure zone is located slightly higher, at 0.8636 and above.
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