Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. Price formed an FVG zone on the four-hour chart around the 98.15 level, from which prices rejected to the downside. The index is currently trading around the 97.85 level, and further downside is expected during today’s session.

Key Economic News:

The US dollar is awaiting several important economic data releases today, including Non-Farm Private Employment Change, Average Hourly Earnings, Retail Sales data, Unemployment Claims, and the Services and Manufacturing PMI data. These releases are expected to have a significant impact on the dollar’s price movements throughout the day.

Liquidity Levels
Prices are expected to decline and target the 97.67 level, followed by the 97.35 level.
The bearish scenario will be invalidated if a four-hour candle closes above the 98.25 level.