Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a bearish trend on the four-hour timeframe, and prices have successfully formed a DIFVG zone after liquidity was taken from above the 99.99 level. Currently, prices are trading around the 99.27 level, which was mentioned in the previous report, and a further decline in prices is expected.
Economic News
The US bank holiday today due to Thanksgiving will lead to quiet movements on the US dollar, and no major price action is expected—mostly more sideways movement.
Liquidity Levels
Prices are expected to decline and target the 99.7 level, followed by the 98.73 level.
The bearish scenario is invalidated if a one-hour candle closes above the 99.66 level.
