Technical Analysis of the U.S. Dollar Index
After the dollar reached the first target in the previous report, the bearish trend for the U.S. dollar remains in place. The dollar is currently moving in a downward corrective motion on the 1 hour and 4 hour timeframes. Yesterday (Thursday) prices bounced from the IFVG zone on the 4 hour timeframe and reached the 99.33 level. It is expected that today the downward bias for the U.S. dollar will continue.
Key economic news:
The government shutdown still has not ended and there is no employment news today, only inflation expectations and consumer sentiment from the University of Michigan are due.
Liquidity levels:
Prices are expected to decline and target the 99.03 level. The bearish scenario is invalidated if the 99.97 level is visited.