EUR/USD between HFT buy and HFT sell zones ahead of ECB meeting
|The analysis of the EURUSD currency pair and the activity of HFT algorithms today shows that EURUSD is trading between the two nearest daily HFT zones ahead of the ECB meeting in a few hours.
The HFT zones for today are standing at the following levels:
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Light HFT buying pressure zone at 1.171 and below.
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Light HFT selling pressure zone at 1.1789 and above.
The pair is currently trading closer to the light HFT buying pressure zone, which if reached, may be a place where buying opportunities will be created. Still, the ECB meeting is a risk event for the day, which is likely to produce some two-way volatility and possibly unstable trading.
EUR/USD Current Trading Positions
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