Daily HFT Trade Setup – EURUSD Approaching HFT Buying Zone
Today's analysis of HFT algorithms shows that the EURUSD pair could potentially provide trade setups from the long side.
Namely, yesterday's sharp decline seems to be extending as of this moment, and a further drop will result in EURUSD touching the light HFT buying pressure zone that is noted today at 1.1257 and below.
The bulls will be more likely to enter with long positions there, which could lift the market. Previous lows and horizontal support levels should also help to attract buying interest in that area.
To the upside, the light HFT selling pressure zone is located at 1.1356 and above.