FX Trading Revolution Team
FX Trading Revolution
We are analyzing the trading activity on HFT algorithms this morning and have noticed that the EURUSD currency pair has already reached the light HFT selling pressure zone that is today noted at 1.1316 and above.
Bearish pressures remain strong on the pair due to the bearish momentum on larger timeframes and that is likely to keep a bearish bias on EURUSD even on intraday timeframes.
Today we can see on the charts that trend indicators such as the Master MACD and the FxTR CCI are both bearish on the 1-hour timeframe at the moment and EURUSD has also broken a rising retracement trendline. This should provide bearish continuation today with the light HFT buying pressure zone that is noted at 1.1238 and below looking like the probable area to be reached as a result.
EURUSD Current Trading Positions
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