Technical Analysis of the U.S. Dollar Index

The U.S. Dollar Index is moving in a bearish direction on the one-hour timeframe. Prices declined yesterday, Monday, after rejecting lower from the 98.00 level, which represents a daily FVG zone.
Currently, prices are trading around the 96.90 level, and further downside is expected for the U.S. dollar.
The VIM zone around 97.25 is an important area, and bearish price action from this level is preferred to continue the downside move.

Key Economic News:
The U.S. dollar is awaiting monthly Retail Sales data today, which is expected to have an impact on dollar movements during the session.

Liquidity Levels:
A further decline is expected, targeting the 96.25 level.
The bearish scenario will be invalidated if prices close above the 97.78 level on a one-hour candle.