Daily HFT Trade Setup – EURGBP at HFT Buying Pressure Zone
We are analyzing the activity of Fx high frequency trading algorithms this morning and note that the EURGBP pair could provide bullish setups at these levels.
Namely, EURGBP has reached the light HFT buying pressure zone is located today at 0.8521 and below. There was an initial reaction already as the price touched the HFT zone, although it's only minor thus far.
The bulls will be looking for a stronger bullish signal before they can be confident of a reversal here. Otherwise, EURGBP may fall deeper into the light HFT buying zone before doing so.
The focus on the upside is on the light HFT selling pressure zone that is located today at 0.8574 and above.
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