Eddie Tofpik, Head of FX at ADM Investor Services International, presents his technical view on EUR/USD, EUR/GBP and Bitcoin markets.
Tofpik states the rise in EUR/USD over the past one week or so was in line with his expectations. He explains the ‘Pipe Top’ formation seen on the daily chart and the future move it is suggesting. On EUR/GBP chart, Topik takes note of the triangle formation.
Coming to Bitcoin markets, Topik inform viewers about the robbery in Asia, which reportedly has resulted in a drop in supply. Thus, Tofpik questions the substance behind the recent fall in prices.