Daily HFT Trade Setup – EURUSD Snaps Rally at HFT Selling Zone

This morning's analysis of the activity of high-frequency Fx trading algorithms shows that the EURUSD currency pair may have reached a high for the day after snapping the overnight rally around the 1.1669 level.

The high is also inside the light HFT selling pressure zone that is located for today's session at 1.1659 and above.

The ods have shifted in favor of the bears now, and the short-term trend is no longer bullish here. Some trend indicators like the MACD may soon turn bearish on the hourly timeframe as well.

To the downside, the light HFT buying pressure zone is noted at 1.1624 and below.