This morning's analysis of high-frequency trading algorithms in the Forex market shows that the EURUSD pair is trading near levels from where it may start moving to the downside.
Namely, EURUSD is currently trading near the light HFT selling pressure zone that is found at 1.1952 and above. While the price hasn't reached the HFT zone yet, the area is likely to attract more sellers to come into the market once the price reaches it or even trades near it.
The light HFT buying pressure zone is noted today at 1.1914 and below.
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