Daily HFT Trade Setup – EURUSD Falls at HFT Selling Zone
The activity of HFT algorithms today shows that the EURUSD pair may be ready to extend the bearish trend following the brief retracement in the first part of today's trading session.
Namely, EURUSD reversed just after touching the light HFT selling pressure zone, located at 1.0485 and above. The bearish signal in the context of the predominant bearish trend suggests this may have been the end of this short retracement, and EURUSD may be starting a new leg to the downside. The low around 1.0380 could give way today.
The light HFT buying pressure zone is noted today at 1.0364 and below.
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