Dan Tapiero, co-founder of Gold Bullion International, said there is a cup (C&H) bullish pattern on the EUR / USD chart.

The C&H pattern is often treated as a bullish graphic formation that looks like a soft u shape, as the name suggests. After a particular asset has endured a downtrend and regained its previous high level, sellers take this step to lower the price. However, after that, its price will continue to move forward (if the base is not V-shaped).

Dan Tapiero expressed that this is a bullish for both Bitcoin and gold.

EUR / USD parity continues to progress after IHS Markit’s PMI data show signs of economic recovery. On June 23, the STOXX Europe 600 index closed by 1.3 percent.

Recently, JPMorgan predicted that the price of US stocks could pick up 47 percent. Tapiero estimates that ‘a little bit of money’ can flow into Bitcoin and gold.


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