Daily HFT Trade Setup – EURGBP at HFT Buy Zone Ahead of BOE Meeting
High frequency trading algorithms in today's Fx session show that the EURGBP pair has reached the light HFT buying pressure zone that is located at 0.8372 and below.
The overall price action is contained otherwise, ahead of what could be a volatile afternoon for the EURGBP pair during and after the Bank of England rate decision (1 PM CET) and press conference (1:30 PM CET).
To the upside, the light HFT selling pressure zone is noted today at 0.8419 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)