Technical Analysis of the U.S. Dollar Index (DXY)
The U.S. Dollar Index is moving within a downward trend on the 1-hour timeframe. Prices have successfully formed a Fair Value Gap (FVG) on the 4-hour chart, from which a downside reaction is expected. It is worth noting that the dollar is currently moving sideways on the weekly timeframe, and a corrective downward move is anticipated during today’s session on the hourly chart.

Key Economic News
There are no significant economic releases related to the U.S. dollar today; therefore, market movements are expected to remain relatively calm.

Liquidity Levels
Prices are expected to decline and target the 97.40 level, followed by 97.05.
The bearish scenario would be invalidated if prices rise to the 98.30 level.