Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a corrective downtrend on the 4-hour timeframe, as price successfully rejected lower from the 99.60 level, which represents an OB zone on the 4-hour timeframe. Currently, price is تداول around the 99.26 level, and further downside movement is expected during the day.
Key Economic News:
There are no significant economic news releases affecting the US Dollar today, so price movement is expected to remain steady.
Liquidity Levels:
Price is expected to decline targeting 98.90, followed by 98.50.
The bearish scenario will be invalidated if price closes a 4-hour candle above 99.85.
