Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. Prices successfully swept liquidity above the 98.85 level and then formed an FVG zone around the 98.42 level, from which prices rejected to the downside. A further decline is expected during today’s session.
Key Economic News:
There are no major economic news releases affecting the US Dollar today; however, market movement is expected to remain relatively calm.
Liquidity Levels:
Prices are expected to decline, targeting the 97.96 level, followed by the 97.75 level.
The bearish scenario will be invalidated if prices revisit the 98.85 level.
