Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a bearish direction on the daily and four-hour timeframes. Currently, price is trading in a sideways and volatile manner below the selling zone, represented by a Fair Value Gap on the daily timeframe. Prices are expected to rise first toward the 97.70 level, which represents a key selling area. After that, prices are expected to reverse lower from these levels, confirming the beginning of selling pressure.

Major Economic News:
The US dollar is awaiting a speech by Trump today, which is expected to have a direct impact on the markets.

Liquidity Levels:
Prices are expected to decline targeting the 96.25 level, followed by the 95.75 level.
The bearish scenario will be invalidated if prices visit the 98.53 level.