Daily HFT Trade Setup – EURCHF Stops at HFT Sell Zone
The activity of HFT algorithms in the Fx market today shows that EURCHF may be reaching a turning point on the day and head lower later in today's session.
For example, EURCHF has now reached the light HFT selling pressure zone that is noted at 1.0312 and above. The price is reacting well here, and the bullish attempt was stopped. Traders will now look for a bearish signal to confirm a potential top has formed here.
To the downside, the light HFT buying pressure zone is noted at 1.0228 and below.