Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index is moving in a bearish direction on the one-hour and four-hour timeframes. Prices have formed a VIM zone around the 97.84 level, which represents an important selling area, where prices are expected to react downward if revisited. Currently, prices are trading around the 97.62 level, and a continuation of the bearish trend is expected during today’s session.

Key Economic News:
The U.S. dollar is awaiting today’s Gross Domestic Product data, Durable Goods Orders, and Consumer Confidence data. These releases are expected to impact the movement of the U.S. dollar during the day.

Liquidity Levels:
Prices are expected to decline and target the 97.47 level, followed by the 97.36 level.
The bearish scenario is invalidated if prices reach the 97.94 level.