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High frequency trading algorithms in the Fx market this morning show that the EURUSD pair has reached and reversed from the light HFT selling pressure zone that is located today at 1.1018 and above.
The price is now falling and has broken below the 1.10 intraday support zone from prior highs. Traders will watch the 1.10 psychological zone next for a break and continuation lower.
To the downside, the light HFT buying pressure zone is located at 1.097 and below.
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