Daily HFT Trade Setup – EURUSD Moving Into HFT Sell Zone
The activity of HFT algorithms in the Fx market today shows that the EURUSD pair is retracing down following several days of moving higher.
EURUSD has now entered the light HFT buying pressure zone, which is noted at 1.0681 and below. The price has already reacted here, with the first signs of a bounce already evident. This area is also technical support, with the prior lows around 1.0650 - 1.0660.
To the upside, the light HFT selling pressure zone is noted at 1.0768 and above.
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