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The activity of HFT algorithms in the Fx market shows that the EURUSD could be a potential shorting opportunity today.
For instance, EURUSD has been rising since the open and is now getting near to the light HFT selling pressure zone, noted for today's session at 1.1274 and above. Here, the pair will likely experience some pushback as more sellers are likely to enter the market at the HFT selling pressure zone. Furthermore, levels above 1.1250 are also technical resistance on the daily chart.
To the downside, the light HFT buying pressure zone is located today at 1.1165 and below.
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