Technical Analysis for the US Dollar Index
The US Dollar Index has declined since the beginning of the week from levels of 97.40 down to the previous report’s target around 96.75, which represents a daily FVG zone. Currently, prices have started to rebound from these levels, initiating the expected upward move highlighted in the weekly analysis video. At present, prices are trading around 97.01, which is considered an FVG zone on the hourly timeframe. Prices need to break above this zone to provide an initial signal of strength for the expected bullish move. A second confirmation signal would be an hourly candle close above 97.09. After that, prices are expected to rise significantly.

Key Economic News
Today, the US Dollar is awaiting the preliminary reading of the Services and Manufacturing PMI. These data releases will affect the movement of the USD. Also, Jerome Powell’s speech today will influence the markets.

Liquidity Levels
Prices are expected to rise and target the 97.25 level. With a breakout of this level, we then target 97.40.

Scenario Invalidation
The bullish scenario will be invalidated if an hourly candle closes below the 96.60 level.