Daily HFT Trade Setup – EURCHF Reaching HFT Selling Pressure Zone
This morning's activity of HFT algorithms shows that the rising trend in EURCHF has led the pair to reach an interesting price area.
Namely, EURCHF has just entered into the light HFT selling pressure zone that is located today at 1.0421 and above.
Fx traders who are bearish may be eager to jump on this opportunity to short EURCHF at current levels in the HFT selling zone. However, there are no clearly confirmed bearish signal on intraday charts thus far today, aside just for the fact the HFT zone has been reached.
In the other direction, the light HFT buying pressure zone is located today at 1.0374 and below.