Daily HFT Trade Setup – EURGBP Tests HFT Buy Area, Double Bottom Bounce
Fx high frequency trading algorithms in today's session show that the EURGBP pair has bounced soon after it reached the light HFT buying pressure zone that is located at 0.8377 and below.
The reaction also comes near yesterday's low, therefore, forming a double bottom pattern here on the 1H chart.
To the upside, local resistance is seen around the daily high of 0.8415. A break to the upside will clear the road for EURGBP to reach the light HFT selling pressure zone is located today at 0.8427 and above.
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