Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. The index declined after liquidity was swept around the 99.30 level. Prices also managed to form a Fair Value Gap (FVG) on the four-hour timeframe, which represents an important selling zone. Currently, prices have started to reject lower from these levels and are trading around 98.66. It is expected that the bearish momentum will continue throughout the day.

Key Economic Events:
The US Dollar is awaiting today the quarterly Gross Domestic Product data, Unemployment Claims data, and the Personal Consumption Expenditures index. These releases are expected to have a significant impact on the movement of the US Dollar during the day.

Liquidity Levels:
Prices are expected to decline and target the 98.15 level, followed by the 97.75 level.
The bullish scenario will be invalidated if prices close with an hourly candle above the 99.30 level.