The analysis of the EURUSD currency pair and the activity of HFT algorithms today shows that EURUSD is trading between the two nearest daily HFT zones ahead of the ECB meeting in a few hours.
The HFT zones for today are standing at the following levels:
Light HFT buying pressure zone at 1.171 and below.
Light HFT selling pressure zone at 1.1789 and above.
The pair is currently trading closer to the light HFT buying pressure zone, which if reached, may be a place where buying opportunities will be created. Still, the ECB meeting is a risk event for the day, which is likely to produce some two-way volatility and possibly unstable trading.
EUR/USD Current Trading Positions
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.