Analysis of the trading activity of HFT algorithms in the Forex market today indicates that the EURUSD currency pair may offer interesting bearish trading opportunities in the remainder of the day-trading session.

The pair has entered the light HFT selling pressure zone which is noted at 1.1124 and above. The rise in selling interest here is clearly visible as the price action was reacting for several session when EURUSD entered the light HFT selling pressure zone.

Now the pair is rising toward the resistance trendline of the channel as shown in the chart below. Selling interest will certanly increase further once this trendline is reached and especially because it is found inside the medium HFT selling pressure zone that is noted at 1.1171 and above.

Bearish reversal signals or patterns in these HFT zones could provide excellent trading opporutnities from the short side. In this case, Forex traders will target the light HFT buying pressure zone that is noted at 1.1078 and below.

EURUSD

 

 

EURUSD Current Trading Positions

Sell 61%
Buy 39%
100.0%61.0%06065707580859095100
Avg Sell Price 1.1153
Avg Buy Price 1.1147
Liquidity Distribution
1.08001.11451.1413SellBuy

 


 

Your Revolutionary Forex Source

High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

ADVISORY WARNING: Any news, opinions, research, data, or other information is provided as general market commentary and does not constitute investment or trading advice. FXTradingRevolution.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD hovers around one-month low amid cautious markets

EUR/USD has been edging lower toward 1.2050, consolidating Friday's losses as the market mood is mixed. Upbeat Chinese GDP and US stimulus are cheering markets while Italy's political crisis and the depressing coronavirus picture is weighing on sentiment. 

EUR/USD News

GBP/USD fails to recover despite accelerated UK vaccine campaign

GBP/USD remains below 1.36, shrugging off the expansion of Britain's vaccination campaign. Post-Brexit talks on financial services continue while tension is mounting ahead of US President-elect Biden's inauguration. 

GBP/USD News

Gold struggles to capitalize on intraday bounce, up little around $1930-32

Gold struggled to capitalize on its goodish intraday bounce of nearly $40 and was last seen trading with modest gains, around the $1830-32 region.

Gold news

Forex Today: Dollar holds onto gains, shrugging off upbeat Chinese GDP, vaccine news eyed

Markets are mixed on "Blue Monday" with the dollar clinging to gains related to risk aversion, while upbeat Chinese growth partially offsets the gloom.Tension is mounting ahead of President-elect Biden's inauguration.

Read more

US Dollar Index: Immediately to the upside comes 91.00

DXY extends the march north and already trades at shouting distance from the 91.00 barrier, or new 2021 highs.

US Dollar Index News

Forex Majors

Cryptocurrencies

Signatures