Technical Analysis for the U.S. Dollar Index (DXY)

The U.S. Dollar Index (DXY) is moving in an uptrend on the 4-hour timeframe. Prices have bounced higher from the FVG area around 98.35, as mentioned in the previous report.
Currently, prices are trading near 98.60, and a break above 98.70 is required for further upside movement during the day.

Key Economic Events

There are no major economic releases scheduled for today, so the market is expected to remain relatively calm during the European and U.S. sessions.

Liquidity Levels

Prices are expected to rise toward 99.20, followed by 99.80.
The bullish scenario will be invalidated if prices retest 97.95.