Technical Analysis for the US Dollar Index (DXY)
The US Dollar Index is moving in a downward trend on the four-hour timeframe. Prices have successfully rejected the FVG zone on the four-hour chart, and the index is currently trading around 98.63. A continuation of the bearish movement is expected throughout the day.
Key Economic News
There are no major economic events related to the US dollar today, so market movement is expected to remain steady.
Liquidity Levels
Prices are expected to decline and target 98.15, followed by 97.67.
The bullish scenario becomes invalid if the index reaches 99.00.
