Daily HFT Trade Setup – EURUSD Trading Sideways Between HFT Buying & Selling Zones
The activity of high frequency trading algorithms in the Forex market this morning shows that the EURUSD pair is consolidating sideways between the two nearby HFT zones.
The HFT buying and selling zones are located at the following levels today:
- the light HFT buying pressure zone that's located at 1.1655 and below.
- the light HFT selling pressure zone is located today at 1.1705 and above.
The preceding downtrend suggests EURUSD has good chances to reach the light HFT buying zone today. But bullish forces there would likely at least cause some price reaction in this zone, or possibly even a full reversal.
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