Technical analysis for the US Dollar Index
The US Dollar Index is moving in a bullish direction on the one-hour timeframe, after prices rebounded upwards from the WFVG zone. Prices also formed an FVG on the daily timeframe, and the market has already started reacting to it upward. Currently, prices are trading around the 99.15 level, and the US dollar is expected to rise during the day. A bullish confirmation signal will be in place if prices close a one-hour candle above the 99.21 level.
Key economic news:
There are no major economic events on the US dollar today; therefore, movements are expected to be steady.
Liquidity levels:
Prices are expected to rise and target the 99.21 level, then the 99.35 level, and finally the 99.50 level.
The bullish scenario will be invalidated if a one-hour candle closes below the 98.86 level.
