Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a bearish trend on the one-hour timeframe after liquidity was taken above the 100.45 level. Prices have formed an OB zone on the four-hour timeframe, which represents an important selling area for the US Dollar. Prices are expected to decline from these levels.

Key Economic News:
There are no major economic news releases today, therefore price movement is expected to be relatively calm.

Liquidity Levels:
Prices are expected to decline and target the 99.60 level.
The bearish scenario will be invalidated if prices visit the 100.45 level.