Analysis of the activity of HFT algorithms in the Fx market this morning shows that the EURUSD currency pair is currently entering the light HFT buying pressure zone that is noted at 1.1092 and below.
This a development that can potentially provide attractive bullish trading opportunities to buy EURUSD today. However, at the moment, it is still too early for that as the price has just reached the HFT buy area and is now testing these levels.
A solid rejection of the bearish attempt here could be the needed bullish sign that will signal further EURUSD upside today. In such a scenario, traders will be aiming for the light HFT selling pressure zone that is noted at 1.1119 and above.
EUR/USD Current Trading Positions
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