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This morning's analysis of Forex HFT algorithms shows that the EURUSD pair is moving toward the light HFT buying pressure zone located today at 1.0414 and below.
Fx traders are looking at the HFT zones with special interest as they indicate important price zones in the market. For example, if EURUSD enters the HFT buying zone, more buyers will be attracted, and a higher number of long orders could lift the market here.
In addition, there is technical support inside the HFT zone from yesterday's lows around 1.0385. To the upside, the light HFT selling pressure zone is located today at 1.0520 and above.
Don't Miss: Stay on top of the game by reading our Weekly Forex Forecast of EUR/USD, GBP/USD, USD/JPY (Fundamentals + Technicals)
