Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index continues to move in an upward direction on the 4-hour and 1-hour timeframes. Prices successfully rebounded higher again from the DFVG zone on Wednesday evening. Currently, prices are trading around 98.65, and the bullish trend is expected to continue throughout the day.
Economic News:
There are no major economic events for the U.S. dollar today, so market movements are expected to remain relatively calm.
Liquidity Levels:
Prices are expected to rise and target the 98.83 level, followed by 99.20.
The bullish scenario would be invalidated if prices visit the 98.15 level.
