Daily HFT Trade Setup – HFT Algorithms Are Buying EURGBP

The analysis of HFT algorithms this morning shows potential bullish opportunities may be provided on the EURGBP currency pair.

Namely, EURGBP is rebounding today after briefly reaching the light HFT buying pressure zone that is standing at 0.8684 and below.

With EURGBP now standing above the 0.87 round number level, the rebound arguably has the potential to turn into something more. Fx traders will be looking for confirmation of that, and the first sign will be for the bulls to hold their ground above 0.87.

To the upside, the light HFT selling pressure zone is a potential target area, today located at 0.8731 and above.