Technical Analysis of the US Dollar Index

The US Dollar Index remains in a bearish trend on the daily and four-hour timeframes. Prices rose at the start of the day toward the 98.70 level, which represents an order block zone, and then reversed to the downside from these levels. Currently, prices are trading around 98.55, and a continuation of the downside movement is expected during the day, in line with the previous report.

Key Economic News:
Following the release of ADP employment data, markets are now awaiting job openings and labor turnover data, along with the ISM Purchasing Managers’ Index. These releases are expected to influence US dollar movements during the day.

Liquidity Levels:
Prices are expected to decline, targeting the 98.16 level followed by 97.95.
The bearish scenario will be invalidated if prices reach the 98.86 level.