Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index successfully reached all the targets mentioned in the previous report and managed to sweep the liquidity located above the 99.98 level, which represents an external liquidity zone on the 3-month timeframe. The price also formed an IFVG zone on the 1-hour timeframe, which is an important selling area. A noticeable decline in the U.S. Dollar is expected during the coming hours.
Key Economic News:
There are no major economic releases today, except for the NFP report, which was released a short while ago and recorded 119K new jobs.
Liquidity Levels
Prices are expected to decline and target 99.25, then 98.92, and finally 98.60.
The bearish scenario is invalidated if a 1-hour candle closes above 100.18.
