Technical Analysis of the US Dollar Index

The US Dollar Index is moving in a bearish trend on the 1-hour timeframe, and prices are currently trading inside an FVG zone on the hourly chart around the 97.62 level. During today’s session, prices are expected to decline toward the next liquidity zones, provided that negative price action appears from these levels.

Key Economic News

There are no major economic news events scheduled for today, so market movement is expected to remain relatively calm.

Liquidity Levels

We expect prices to decline and target the 97.46 level, followed by the next liquidity level at 97.32.

The bearish scenario will be invalidated if prices visit the 97.76 level.