EUR/USD between HFT sell and HFT buy zones

FX Trading Revolution Team FX Trading Revolution

The analysis of HFT algorithms in the Fx market this morning shows that the bears are in control on the EURUSD pair, with downside continuation looking likely.

For the past few days, EURUSD is in a downtrend, and the pair is consolidating since the start of the current Forex daily session. EURUSD is thus far moving between the two nearest HFT zones, which today are standing at the following levels:

Light HFT selling pressure zone at 1.1746 and above.
Light HFT buying pressure zone at 1.1677 and below.

EUR/USD Current Trading Positions

Sell 53%

Buy 47%

Avg Sell Price 1.1761

Avg Buy Price 1.1942

Liquidity Distribution

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FX Trading Revolution Team

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