Technical Analysis of the US Dollar Index

The US Dollar Index is moving in an upward trend on the one-hour and four-hour timeframes. Prices rebounded to the upside from the FVG zone around 97.92 and are currently trading near 98.13. An IFVG zone has been formed around 98.03, and prices are expected to react to the upside from this level if revisited. Overall, prices are expected to rise during the day.

Key Economic News:
The US Dollar Index is awaiting US inflation data today, which is expected to have a significant impact on market movements.

Liquidity Levels:
Prices are expected to move higher, targeting 98.24, followed by 98.37.

The bullish scenario will be invalidated if a four-hour candle closes below 97.92.