FX Trading Revolution Team
FX Trading Revolution
The EURUSD currency pair was under strong buying pressure yesterday and as a result, it reached all three HFT zones.
First, EURUSD reached the light HFT selling pressure zone which was noted at 1.1682 and above. Then it continued higher to reach the medium HFT selling pressure zone that was noted at 1.172 and above.
Finally, EURUSD went through it and reached the strong HFT selling pressure zone that was noted at 1.1758 and above yesterday. Here, all further bullish attempts were stopped and EURUSD closed the day within this area as well.
 11.15.17-636463345804939568.png)
Today on EURUSD:
Light HFT selling pressure noted at 1.1848 and above. Medium HFT selling pressure noted at 1.1991 and above. Strong HFT selling pressure can be seen today at 1.2135 and above.
Light HFT buying pressure noted at 1.1704 and below. Medium HFT buying pressure noted at 1.1561 and below. Strong HFT buying pressure can be seen today at 1.1417 and below.
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 holds below 1.0750 ahead of key US data
EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments
USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.