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High frequency trading algorithms' activity in today's Fx session shows that the EURGBP pair is entering the light HFT buying pressure zone that is located at 0.8338 and below.
The price has reacted well on the initial test and even bounced on the 1-hour chart. But now the bears are making another attempt and are managing so far to push to new intraday lows here. A fresh convincing bullish signal may be enough to turn this around and attract more buyers here.
The light HFT selling pressure zone is located today at 0.8379 and above.
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