The analysis of HFT algorithms this morning points that the EURCHF currency pair could provide profitable trading opportunities from the long side.
The price has come close to the light HFT buying pressure zone as of the European morning. It is noted at 1.0615 and below today. Stronger buying pressures can be expected if the price reaches this area.
The advanced FxTR Divergence indicator accurately identified the bounce (see most recent signals in blue). Whether it will turn into a larger move higher or not remains to be seen in today's session. Nonetheless, the divergence indicator is worth watching because it is usually among the earliest to give reversal signals.
The light HFT selling pressure zone today is found at 1.0683 and above.
Reprinted from fxstreet, the copyright all reserved by the original author.
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