Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a bearish trend on the hourly timeframe. Prices rejected lower from the 98.94 level, which represents an FVG zone on the hourly timeframe. Currently, prices are trading around 98.60, and further downside movement is expected during today's session.

Key Economic News:
There are no important economic news releases today, so market movement is expected to remain relatively calm.

Liquidity Levels:
Prices are expected to decline and target 98.42, then 98.56, followed by 97.83.

The bearish scenario will be invalidated if prices reach 98.97.