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The activity of HFT algorithms this morning shows that the EURUSD pair may have reached a low for the day.
Namely, EURUSD earlier in the session fell to new lows and reached the light HFT buying pressure zone that is located at 1.0494 and below. The price then bounced soon after, and EURUSD is now also back above the 1.05 level.
The bulls may look this as a good setup to jump on. The 1.06 handle to the upside stands as the next key technical level. If it breaks EURUSD can extend further higher.
The light HFT selling pressure zone is located today at 1.0634 and above.
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