Technical Analysis of the US Dollar Index
The US dollar has seen a sharp decline since the beginning of this week, but has the downtrend come to an end? Currently, prices are attempting to rebound from a DFVG zone around the 97.15 level. Sideways movement on the daily and 4-hour timeframes may keep the outlook unclear for now, but looking at last month’s candle, we notice a positive close, which supports the probability of an upward move on the smaller timeframes. The conditions for a bullish scenario are a breakout above the 97.55 level and a rebound from it, as shown on the chart.

Key Economic News
Today, the US dollar awaits employment data from ADP and the ISM Manufacturing PMI, both of which are expected to significantly impact price movements.

Liquidity Levels
If the conditions are met, prices are expected to rise towards 98.20.
The bullish scenario will be invalidated if prices revisit the 97.07 level.