
Technical Analysis of the US Dollar Index
The US Dollar Index is trending downward on the 4-hour timeframe, with prices currently trading around 96.90 after breaking below 97.00. It is worth noting that the FVG zone successfully pushed prices lower, and therefore the bearish trend is expected to continue throughout the day.
Key Economic News
There are no major economic events today; therefore, price action is expected to remain relatively calm.
Liquidity Levels
Prices are expected to decline, targeting 96.65 and then 95.90.
Invalidation Scenario
The bearish outlook will be invalidated if a 4-hour candle closes above 97.60.