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We are analyzing the activity of high frequency trading algorithms this Friday session and note that the EURUSD pair could offer attractive opportunities from the long side.
For instance, EURUSD has already reached the light HFT buying pressure zone that is located today at 1.1265 and below. It's too early to tell if some bullish pressures are building here, but the probabilities have certainly increased inside the HFT zone.
Fx traders will be on the lookout for other signals to potentially confirm a bullish shift. For example, the advanced FxTR Divergence indicator is now signaling that bullish divergence exists on the hourly EURUSD chart. While this alone is not a buy signal, it is a sign that could set the ground for a bullish reversal later in the session.
The light HFT selling pressure zone today is located at 1.1332 and above.
Don't Miss: Stay On Top Of The Game By Reading Our Weekly Forex Forecast Of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
