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We are analyzing the activity of high frequency trading algorithms in the Fx market today and note that the EURGBP pair has reached the light HFT buying pressure zone that is located today at 0.8544 and below.
The price has bounced here already and EURGBP could be headed higher in rest of the trading session, albeit it's a quiet one considering it's the final day of the week and there are no market-moving events scheduled.
To the upside, the light HFT selling pressure zone is located at 0.8575 and above.
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