US Dollar has shown bottom and formed a reversal formation. Current growth will not last long and will find its top at 86.1487 with possible slight overshoot in the second half of May 2025.
This will be followed by second bottoming at 84.7212 in the beginning of June 2025.
Double bottom formation will complete inverted Head&Shoulders and start bullish trend:
- major breakout in the end of June 2025
- with consecutive retest of 85.43 in July 2025
Starting from this level/moment USD will rise fast upto 88.6
This will be followed by second bottoming at 84.7212 in the beginning of June 2025.
Double bottom formation will complete inverted Head&Shoulders and start bullish trend:
- major breakout in the end of June 2025
- with consecutive retest of 85.43 in July 2025
Starting from this level/moment USD will rise fast upto 88.6
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.