Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the daily and 4-hour timeframes. Prices have started to move lower after rejecting from an FVG on the 1-hour timeframe at 98.07. A further decline is expected during today’s session.

Economic News
There are no major economic news releases for the US Dollar today, but calm market conditions are expected ahead of tomorrow’s CPI data release.

Liquidity Levels
We expect prices to decline, targeting 97.62, followed by the next liquidity levels at 97.34, then 97.30.
The bearish scenario will be invalidated if price reaches 98.55.