The analysis of high-frequency Fx trading algorithms today indicates that the USDCHF currency pair could offer potential opportunities to go short.
During the European session this morning, USDCHF reached the light HFT selling pressure zone that is located today at 0.9257 and above, and was rejected there. The price reacted well, and USDCHF is off the daily highs. The advanced FxTR overbought - oversold indicator is also showing a potential sell signal as its reading is in the overbought area on the hourly chart.
Today's lows around the 0.9215 level could be used for take profit targets by short sellers as well as the light HFT buying pressure zone that is located today at 0.9201 and below.
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