Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a sideways range on the four-hour timeframe. Price successfully swept liquidity from the 99.71 level and started to move downward from that area. Currently, price is trading around the 99.25 level. A further decline is expected during the day if a one-hour candle closes below the 98.75 level.

Key Economic News

There are no important economic news releases today, therefore market movement is expected to remain calm.

Liquidity Levels

Prices are expected to decline and target the 98.75 level, followed by the 97.56 level.
The bearish scenario will be invalidated if prices revisit the 99.71 level.