Daily HFT Trade Setup – EURUSD Getting Close to HFT Selling Zone
We are analyzing Fx high frequency trading algorithms today and note that the EURUSD pair may soon turn south and resume yesterday's bear trend.
Namely, EURUSD is moving up in the current session and may soon reach the light HFT selling pressure zone that is located at 1.1733 and above.
With more sellers likely to come in the market there, a reversal back lower will become more probable. The FxTR Divergence indicator is also close to giving a bearish signal on the hourly chart as well (see image below).
To the downside, the light HFT buying pressure zone for today is located at 1.1662 and below.
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