EUR/CHF reverses attempt at HFT selling zone!
|We are analyzing HFT algorithms and movements in the Fx market this morning, noting that the EURCHF pair is showing signs of turning down.
The Euro/Swiss cross reached the light HFT selling pressure zone earlier, and the initial bullish attempt was soon rejected here. This light HFT selling pressure zone is noted at 1.0567 and above for the trading session today.
Forex traders may now start to turn more negative on the pair for the remainder of the trading session. Looking at lower levels, the 1.0550 area is where Friday's lows are situated, while the light HFT buying pressure zone is today noted at 1.0533 and below.
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