Technical Analysis of the U.S. Dollar Index
After achieving all the targets of the previous analysis and the weekly video outlook, we notice that the U.S. Dollar Index rose since Tuesday until it reached the main liquidity levels around 98.065, from which it started to decline after liquidity was taken and an IFVG zone was formed on the one-hour timeframe. It is worth noting that the index is trading in a bearish trend on the weekly timeframe and sideways on the daily timeframe.

Key Economic News
Today, the U.S. dollar awaits the release of the Personal Consumption Expenditures (PCE) Index, which is currently the Federal Reserve’s preferred measure of inflation. This data is expected to have an impact on the movement of the U.S. dollar.

Liquidity Levels
Prices are expected to decline and target the 97.70 level, followed by the 97.32 level.
Invalidation: The bearish scenario will be invalidated if an hourly candle closes above the 98.20 level.