We are analyzing the activity of HFT algorithms on the EURUSD currency pair this morning and note that the pair has already reached the light HFT selling pressure zone that is noted today at 1.1328 and above.
The price has already started to react here and we've seen the bullish attempt being rejected already. The prior highs at 1.1340 are also nearby and provide additional resistance and selling interest.
Also, the improved CCI indicator developed by the team Fx Trading Revolution has just turned bearish. Under the bearish case, the light HFT buying pressure zone which is today noted at 1.1284 and below will be an interesting area for placing profit targets.
EURUSD Current Trading Positions
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