Technical Analysis of the U.S. Dollar Index (DXY)

As expected in the previous report, the U.S. Dollar Index has risen to reach the 97.97 level, where it is currently trading. The index is moving in an upward trend on the 4-hour timeframe, with prices rising after bouncing from the FVG zone around 97.44. Further upward movement is expected.

Key Economic News
There are no major economic events affecting the U.S. dollar today, so market movement is expected to remain relatively calm.

Liquidity Levels
Prices are expected to rise toward 98.20, followed by 98.38.
The bullish scenario will be invalidated if prices revisit the 97.44 level.