Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index (DXY) rose yesterday, Thursday, but failed to close above Wednesday’s high. Prices absorbed the liquidity resting above that high, indicating initial seller interest. On the hourly chart, the structure shifted from bullish to bearish, and an IFVG formed on the same timeframe. Therefore, a decline is expected today in the U.S. Dollar Index.

Key Economic News
Today, the dollar awaits the University of Michigan’s inflation expectations data, along with the university’s Consumer Sentiment figures. These releases have a moderate impact on the greenback.

 Liquidity Levels
During the day, prices are expected to decline toward 98.13, then the liquidity pool at 97.85. The bearish scenario is invalidated if prices revisit 99.02.