Daily HFT Trade Setup – EURUSD Ranging Between HFT Buy & Sell Zones

We are analyzing HFT algorithms' activity on the EURUSD currency pair this morning and note that the price is still consolidating in a range following the volatile price swings two days ago.

So far in today's session, EURUSD has stayed in a 30-pip range roughly between the 1.1305 and 1.1335 levels. The price is also still trading within the big inside candle (excluding that brief test below its low), indicating indecision in the market.

Thus, Fx traders will likely look for potential trade setups from both the bullish and bearish sides as a way to play this range. The two light HFT zones can be used to look for these setups:

• the light HFT selling pressure zone located at 1.1351 and above. 
• the light HFT buying pressure zone located at 1.1294 and below.

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