Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. Prices declined from the 98.85 level, which represented the selling zone mentioned in the previous report. After the decline, a new FVG area was formed around the 98.50 level, from which prices rejected to the downside. The index is currently trading around 98.31, and further downside is expected during the day.

Key Economic News:
The US dollar is awaiting today’s Manufacturing PMI and Services PMI data. These releases are expected to have a significant impact on US dollar movements.

Liquidity Levels:
Prices are expected to decline and target the 97.95 level, followed by the 97.75 level.
The bearish scenario will be invalidated if prices revisit the 98.85 level.