Daily HFT Trade Setup – EURCHF Reacting at HFT Buying Zone

 
 
 
 
 
 
 

Our morning analysis of high frequency trading algorithms in the Forex market shows that the EURCHF pair may provide trading opportunities from the long side in today's session.

Namely, EURCHF has earlier reached the light HFT buying pressure zone, which is found today at 1.0897 and below. The price reacted well here initially, and EURCHF bounced on the hourly chart. However, the bears are now making another attempt at the lows; perhaps another bounce could give rise to further upside, via maybe a double bottom here?

To the upside, the light HFT selling pressure zone is today located at 1.0919 and above.

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