EUR/USD hits HFT Selling Zone!

FX Trading Revolution Team FX Trading Revolution

We are analyzing the EURUSD currency pair today and the activity of HFT algorithms in the Forex market and have noticed that this pair may provide profitable short trading opportunities today.

EURUSD has already moved notably today and has reached both the light and the medium HFT selling pressure zones which are noted at 1.1276 and above, and at 1.1313 and above respectively (as marked on the chart below).

The bullish attempt is now getting more strongly rejected at the medium HFT selling pressure zone after rising strongly through the light HFT selling pressure zone. Nonetheless, the strong bullish move today, as is also confirmed by the trend indicators plotted on the chart, indicates that there are strong bullish pressures on the pair so a bearish reversal may not easily materialize.

On the other hand, the pair is already at stretched levels. This is confirmed by the overbought/oversold indicator developed by the Team Fx Trading Revolution which is showing overbought conditions.. So, selling around current levels looks attractive from that perspective.

In the bearish scenario, EURUSD would need to drop below the 1.1300 round number level and in that case, the 1.1250 level will be in focus for placing targets as well as the light HFT buying pressure zone which is today noted at 1.1238 and below.

EURUSD Current Trading Positions

Sell 47%

Buy 53%

Avg Sell Price 1.1290

Avg Buy Price 1.1239

Liquidity Distribution

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FX Trading Revolution Team

FX Trading Revolution

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