VPOC tag in DXY - short term relief?
After yesterday's FOMC announcement of unlikely cuts in March, the USD vs the EUR reached new highs tagging the VPOC left over from December.
VPOCs act as market magnets, now that it is "gone" there could be some relief in the USD strength. However, the USD remains in a bullish trend 80% rule for all of 2024.
VPOCs act as market magnets, now that it is "gone" there could be some relief in the USD strength. However, the USD remains in a bullish trend 80% rule for all of 2024.
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MarketWebs LLC is owned and operated by Web Begole, CMT @WebBegole X/@web_begole and Christian Fromhertz X/@cfromhertz @ChristianFromhertz
MarketWebs LLC is owned and operated by Web Begole, CMT @WebBegole X/@web_begole and Christian Fromhertz X/@cfromhertz @ChristianFromhertz
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