Technical analysis of the U.S. Dollar Index.
The U.S. Dollar is moving in a sideways range on the four-hour timeframe, and prices have bounced up from the 96.85 level. Prices also succeeded in forming an IFVG area on the four-hour timeframe around the 97.85 level. It is expected that the upward trend of the U.S. Dollar will continue during the day.
Important economic news:
The U.S. Dollar is awaiting U.S. unemployment claims data today, which is expected to influence price movements.
Liquidity levels:
Prices are expected to rise, targeting the 98.50 level, then the 99.48 level. The bullish scenario is invalidated if prices visit the 96.85 level.
