EUR/USD rejection at HFT selling zone
|We are analyzing HFT algorithms this morning, and the activity shows that the EURUSD pair may be a potentially good selling opportunity.
For example, the pair reached the light HFT selling pressure zone that stands today at 1.1913 and above. The bullish attempt was rejected quickly there and the price reacted well, turning lower now. A solid breakdown back below the 1.19 round number level on the hourly chart would turn the short-term technicals back to bearish on this pair.
To the downside, the light HFT buying pressure zone is noted at 1.1852 and below. Yesterday's lows at 1.1840 also stand inside the light HFT buy zone.
EUR/USD Current Trading Positions
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