The analysis of HFT algorithms in the Fx market this morning shows that EURUSD bulls are getting turned away at the light HFT selling pressure zone, noted at 1.133 and above.
The price reacted well at the HFT sell zone, and the bullish attempt was quickly repelled soon after entering this zone. Furthermore, EURUSD has created a triangle-like formation on the 1-hour chart, which now appears to be breaking to the downside.
The light HFT buying pressure zone will come into focus in a bearish scenario, and is noted at 1.1261 and below today.
EUR/USD Current Trading Positions
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