Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. The prices formed an FVG zone on the four-hour timeframe around the 98.15 levels, and the prices are expected to decline from these levels. The prices are currently trading around the 98.15 levels, and a continued decline is expected during the day.
Key Economic News:
There are no important news releases on the US Dollar today, so the movement is expected to be consistent.
Liquidity Levels
Prices are expected to decline and target the 97.67 levels, then the 97.04 levels.
The bearish scenario is invalidated if a 4-hour candle closes above the 98.38 levels.