We are analyzing the activity of HFT algorithms this morning for the current day trading session and note that the EURCHF pair is trading between its established range from prior days.
EURCHF has also so far not reached either one of the two light HFT zones is currently trading around the midpoint between them. The two HFT zones for today are noted at the following levels:
- light HFT selling pressure zone at 1.043 and above.
- light HFT buying pressure zone at 1.0404 and below.
The bulls may look for buying opportunities if the price falls into the HFT buy zone, while the bears will look to jump on board with short positions if EURCHF enters the HFT selling pressure zone.
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