FX Trading Revolution Team
FX Trading Revolution
Currency pair EURUSD yesterday reached the light HFT buying pressure zone that was noted at 1.171 and below. The price bounced very accurately from the HFT zone and a bullish move of 70 pips followed - providing great trading opportunities to profit.
The bullish move led EURUSD to reach the light HFT selling pressure zone which was noted at 1.1784 and above. The price reacted with a very high accuracy of 1 pip here and a bearish move of 20 pips followed.
-636380383666819727.png)
Today on EURUSD:
Light HFT selling pressure noted at 1.1804 and above. Medium HFT selling pressure noted at 1.1885 and above. Strong HFT selling pressure can be seen today at 1.1966 and above.
-636380385111657260.png)
Light HFT buying pressure noted at 1.1723 and below. Medium HFT buying pressure noted at 1.1642 and below. Strong HFT buying pressure can be seen today at 1.1561 and below.
EURUSD 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.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.