Technical Analysis for the US Dollar Index (DXY)
The US Dollar Index is moving sideways on the one-hour timeframe inside an MFVG, which is an area where prices are expected to rise. Prices bounced upward from an order block on the one-hour chart around the 98.50 level. The index is currently trading around 98.69, and the US dollar is expected to rise today as the sideways movement comes to an end.

Economic News
The US dollar is awaiting the Personal Consumption Expenditures (PCE) data today, which is expected to influence price movements during the session.

Liquidity Levels
Prices are expected to rise toward 98.92, followed by 99.20.
The bearish scenario is invalidated if the index revisits the 98.35 level.