Today's analysis of the activity of Fx HFT algorithms shows that the EURGBP pair is moving sideways in consolidation following this week's strong rally.
EURGBP is confined between the two light HFT zones so far today, which are noted as follows:
- the light HFT selling pressure zone is located at 0.8438 and above.
- the light HFT buying pressure zone is located at 0.8335 and below.
Potential trading opportunities may be provided in today's busy session, with the ECB meeting and US CPI inflation report at 2:30pm CET.
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