Daily HFT Trade Setup – EURGBP Moving Down Toward HFT Buying Zone
The activity of high frequency trading algorithms this morning shows that potential trade setups from the long side could be provided on the EURGBP pair in today's session.
Namely, EURGBP is so far down today and is getting closer to reaching the light HFT buying pressure zone that is today noted at 0.834 and below.
Also, the price decline is leading EURGBP toward oversold levels on the intraday 1-hour timeframe, as shown below by our advanced FxTR overbought/oversold indicator.
The light HFT selling pressure zone today is located at 0.8364 and above.
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