Daily HFT Trade Setup – HFT Algorithms Buying EURCHF This Morning
We are analyzing the activity of HFT algorithms in the Fx market this morning and note that EURCHF is showing bullish signs.
The bounce follows EURCHF's entry into the light HFT buying pressure zone that is located at 1.036 and below.
It seems buyers may be eager to quickly jump at the opportunity and bid the pair higher. EURCHF is now off the lows and may soon complete a bullish (buy) signal on the hourly chart.
To the upside, the light HFT selling pressure zone that is noted at 1.039 and above.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)