FX Trading Revolution Team
FX Trading Revolution
HFT algorithms' activity on the EURUSD currency pair in the Forex market today indicates range trading price action behavior.
We can observe that the pair is trading between the light HFT selling and the light HFT buying pressure zones which are today noted at 1.1279 and above, and at 1.1201 and below respectively.
The Master MACD trend indicator is showing the trend is bullish while the overbought/oversold indicator shows EURUSD has just entered into slightly overbought territory.
The Fx market remains largely range bound in tight ranges on low volatility today amid the Easter holidays. If any, trading opportunities are likely to be ranging and provide little action, so some low-volatility trading strategy could offer several pips in the remained of the trading session today.
EURUSD Current Trading Positions
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