Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe. The price formed an FVG zone on the four-hour chart around the 98.40 level and dropped downward from it. Prices are expected to continue declining throughout the day. It is worth noting that prices fell sharply after Jerome Powell’s statements and the 25-basis-point rate cut.

Key Economic News:
The US Dollar is awaiting the weekly unemployment claims data today. This data is expected to influence the Dollar’s movements.

Liquidity Levels
Prices are expected to decline and target the 97.67 level, followed by the 97.04 level.
The bearish scenario is invalidated if prices revisit the 98.95 level.