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We are analyzing the activity of HFT algorithms in the Forex market this morning and note that the EURUSD pair may move down from current levels in the day-trading session ahead.
EURUSD reached the light HFT selling pressure zone earlier today, where the attempt was stopped and the price is now falling, indicating that there is considerable selling interest at these levels. The light HFT sell zone is today located at 1.2191 and above.
Additionally, the advanced FxTR divergence indicator showed that the rejection came at bearishly divergent levels.
The light HFT buying pressure zone is standing today at 1.214 and below. Initial supportbefore it comes in around yesterday's bounce at 1.2155.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
