Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index is moving within an upward trend on the four-hour timeframe and is showing sideways movement on the one-hour chart. Prices have successfully held above the DFVG zone around the 98.44 level. Currently, prices are moving around 98.61, and it is expected that the index will continue to rise throughout the day.
Key Economic News:
There are no major economic announcements affecting the U.S. dollar today; therefore, price movement is expected to remain relatively calm.
Liquidity Levels:
Prices are expected to rise and target the 98.83 level, followed by 99.20.
The bullish scenario will be invalidated if a four-hour candle closes below the 98.15 level.
