Daily HFT Trade Setup – EURCHF Testing HFT Buy area

 
 
 
 
 
 
 

We are analysing HFT algorithms' activity this morning and note that the EURCHF pair may provide bullish day-trading opportunities in the session ahead.

Namely, EURCHF has now reached the light HFT buying pressure zone that is located at 1.0203 and below.

The price is already reacting here and has bounced. It appears that a bullish candle on the hourly chart could be formed if it closes near current levels (1.0215) or higher.

To the upside, the light HFT selling pressure zone is located at 1.0247 and above.

EURCHF Forex HFT trade idea