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This morning's analysis of the activity of HFT algorithms shows the EURCHF pair is reacting at the light HFT selling pressure zone that is located at 0.9933 and above.
The pair reached the HFT sell zone this morning, and the bullish attempt was quickly rejected. The hourly chart also shows a bearish candlestick pattern has formed.
EURCHF bears will be looking for downside potential toward the light HFT buying pressure zone, which is located at 0.9885 and below. Further lower, the medium HFT buying pressure zone, noted at 0.9837 and below will come into focus in an even more bearish scenario.
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