Daily HFT Trade Setup – EURUSD Pushing Up Toward HFT Sell Zone

We are analyzing HFT algorithms’ activity today and note that the EURUSD pair may reach levels that could potentially offer attractive short setups later in the session.

Namely, EURUSD now bounced off the daily lows around 1.0670 to above the 1.07 mark. This is likely enough to shift very short-term sentiment to bullish (like on micro scalping charts) and can take the pair further higher later in the session. Fx traders will be watching for potential reversal signs toward the light HFT selling pressure zone that is noted at 1.0728 and above. EURUSD has still not reached it, but stronger bearish pressures are likely to emerge if/when it does.

To the downside, the light HFT buying pressure zone is noted at 1.0666 and below. It was almost reached earlier, but EURUSD actually reversed some 5-10 pips before it. The HFT buy zone will remain an important price area to for EURUSD traders today.

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