Technical Analysis of the US Dollar Index
The US Dollar Index is moving in an upward trend on the 4-hour and 1-hour timeframes. We also notice the formation of an FVG zone on the 15-minute timeframe around the 98.775 levels. This is a level where we need to see positive price action before starting buying operations. Currently, prices are trading above it around 98.82.
Key Economic News:
The US Dollar is awaiting the ISM Purchasing Managers Index data today. This data will influence the movements of the US Dollar.
Liquidity Levels:
Prices are expected to rise targeting 98.99, then 99.20, then 99.30.
The bullish scenario will be invalidated if an hourly candle closes below 98.57.
