EUR/USD Reaching For The HFT Buy Zone!

FX Trading Revolution Team FX Trading Revolution

The activity of HFT algorithms on the EURUSD pair today shows that the light HFT buying pressure zone - noted at 1.1124 and below - could be the price area where bullish opportunities may exist.

The price has still not reached the HFT buying zone, although it came as near as 5 pips to it. No predominant trend exists on the intraday timeframes, as is confirmed by our advanced Master MACD indicator, which shows weak momentum in either direction on the hourly timeframe.

To the upside, traders will be looking at the light HFT selling pressure zone - noted at 1.116 and above - as a potential area for selling the market or existing long positions.

EUR/USD Current Trading Positions

Sell 42%

Buy 58%

Avg Sell Price 1.1080

Avg Buy Price 1.1133

Liquidity Distribution

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FX Trading Revolution Team

FX Trading Revolution

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