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We are analyzing the activity of HFT algorithms in the Forex market this morning and note that the EURGBP pair is trading sideways so far in the session between the two light HFT zones.
However, the price is nearing the light HFT buying pressure zone, which is located today at 0.834 and below. If/when reached, the HFT buy zone could attract stronger bullish pressures, which may potentially lift the pair later in the day.
To the upside, the light HFT selling pressure zone is noted at 0.8409 and above.
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