
Technical Analysis of the US Dollar Index
The US Dollar Index is moving within a bearish trend on the weekly timeframe, as prices strongly declined from the 98.25 level last week. Currently, prices are trading around 97.42, and a Breaker Block sell zone has formed near 97.57. Prices are expected to reject lower from these levels, with further downside movement likely for the Dollar Index.
Key Economic News
There are no major economic events for the US Dollar today, and the market is expected to remain relatively calm.
Liquidity Levels
Prices are expected to decline towards 96.65 and then 95.85.
Bearish scenario invalidation: The bearish outlook will be canceled if prices reach 98.40.