Daily HFT Trade Setup – EURUSD Reacts After Reaching HFT Buying Area
We are analyzing the activity of high frequency trading algorithms in the Forex market this morning and note that the EURUSD pair has now reached the light HFT buying pressure zone that is located at 1.1859 and below.
The price has already reacted here, which is also a support zone due to the past highs (see chart).
Signs of a full bullish reversal are yet to appear, but the probabilities are increased inside of the HFT buying area.
To the upside, the light HFT selling pressure zone is located today at 1.1903 and above.