Daily HFT Trade Setup – EURCHF Getting Close to HFT Buying Zone

We are analysing HFT Fx algorithms this morning and note that the EURCHF pair may soon form a through for the day session.

Namely, EURCHF is in the red today but is now near the light HFT buying pressure zone that is located at 1.0842 and below.

Buyers are likely to enter the market here, which could provide a lift for the EURCHF pair. Additionally, the previous lows around the 1.0840 - 1.0835 area will provide technical support here.

The light HFT selling pressure zone is located at 1.0891 and above for the current day-trading session.

Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)