EUR/USD getting knocked at HFT sell zone
|Our analysis of high-frequency trading algorithms in the Fx market this morning shows that the EURUSD pair could provide attractive shorting opportunities later in the day.
EURUSD reached the light HFT selling pressure zone during the early European morning, and the bullish attempt was pushed back there. The light HFT selling pressure zone is seen at 1.1366 and above today.
However, buyers also came into the market around the 1.1330 zone, where prior intraday highs sit. A break below this support would likely clear the way for an extension of the down move lower.
The light HFT buying pressure zone is noted today at 1.1277 and below.
EUR/USD Current Trading Positions
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