We are analyzing high-frequency Fx trading algorithms this morning and note that the EURCHF pair is showing signs of a bullish reversal at the light HFT buying pressure zone that is located at 1.0806 and below.
The pair reached this HFT zone and rebounded there, though thus far the bounce is only moderate. Still, many Fx traders will look to buy dips in this area, so the potential for a full reversal is not negligible.
To the upside, USDCHF bulls may target prices toward the light HFT selling pressure zone today that is located today at 1.0844 and above.
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