The euro and bitcoin look set to resume their rallies, says noted technical analyst DeMark
Technical analyst Tom DeMark, whose indicators are designed for anticipating turning points and overextended price moves, says it’s looking good again for both euro and bitcoin.
DeMark, who called the day of the euro/dollar low, told MarketWatch in January that the euro would pull back after a 15% rally. Now that it has, the euro looks set to resume a rally that should take the shared currency to $1.20 and beyond.