Daily HFT Trade Setup – EURGBP Rising Into HFT Selling Zone
We are analyzing Fx HFT algorithms this morning and note that the EURGBP pair has reached the light HFT selling pressure zone that is located at 0.8518 and above.
EURGBP is rising since last week; Friday was a strong up day. The rally extends into today's session but could hit a wall, particularly as the price is now above the 0.85 level.
Bearish trade setups could exist today if the bears stop the bullish attempt here. To the downisde, the light HFT buying pressure zone is located at 0.8436 and below.