EUR/USD Entering HFT Sell Zone!
|Analysis of the trading activity of HFT algorithms in the Forex market today indicates that the EURUSD currency pair may offer interesting bearish trading opportunities in the remainder of the day-trading session.
The pair has entered the light HFT selling pressure zone which is noted at 1.1124 and above. The rise in selling interest here is clearly visible as the price action was reacting for several session when EURUSD entered the light HFT selling pressure zone.
Now the pair is rising toward the resistance trendline of the channel as shown in the chart below. Selling interest will certanly increase further once this trendline is reached and especially because it is found inside the medium HFT selling pressure zone that is noted at 1.1171 and above.
Bearish reversal signals or patterns in these HFT zones could provide excellent trading opporutnities from the short side. In this case, Forex traders will target the light HFT buying pressure zone that is noted at 1.1078 and below.
EURUSD Current Trading Positions
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