Technical Analysis of the U.S. Dollar Index
The U.S. Dollar Index rose on Monday, reaching the DFVG area around 98.07 before starting a pullback on the 4-hour chart. The likely reversal from this level suggests the dollar may continue its weekly downward trend, as the weekly candle’s manipulation phase has concluded.

Key Economic News
Today, the focus is on the U.S. Consumer Price Index (CPI), both monthly and annually. These data are expected to significantly impact the dollar index.

Liquidity Levels
If the price closes the FVG area on the 4-hour chart near 97.90, we may see further declines to 97.55, 97.06, and eventually 96.65.

Scenario Invalidated
The bearish scenario is negated if the price reaches 98.65.