We are analyzing high-frequency trading algorithms' activity on the EURCHF pair this morning and find bullish trading opportunities may prove interesting in today's session.
EURCHF now reached the light HFT buying pressure zone, which stands today at 1.072 and below. The price reacted strongly there, rebounding quickly not long after entering the HFT buy zone as the bulls rejected the bearish attempt.
EURCHF traders will now be looking up. The nearest hurdle to higher levels may be at the cluster of prior intraday lows around 107.25. Above that resistance, the light HFT selling pressure zone sits at 1.0745 and above for today's trading session.
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