Daily HFT Trade Setup – EURGBP Off the Highs at HFT Sell Zone

 
 
 
 
 
 
 

The activity of high frequency trading algorithms this morning shows that the EURGBP pair may offer trade setups from the short side in the session ahead.

Namely, EURGBP now tested the light HFT selling pressure zone, which is standing today at 0.87 and above. The attempt there was stopped, and EURGBP is sharply off the highs now. The hourly candle closed in the green, but the height of the wick suggests further selling may encourage the bears.

To the downside, the light HFT buying pressure zone that is located today at 0.8672 and below.

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