Here are the most important forecasts on the US dollar index during the day

Technical Analysis of the US Dollar Index
The outlook remains bearish for the US Dollar Index, which is currently moving sideways on the 4-hour timeframe. Prices declined from the 98.00 level after sweeping liquidity above Wednesday’s high. The structure has shifted from bullish to bearish on the 15-minute chart, and further downside is expected throughout the day.

Key Economic News
Markets today await the preliminary readings of the Services PMI and the Manufacturing PMI, which are expected to have a direct impact on the US Dollar.

Liquidity Levels
Prices are expected to decline towards the 97.63 level, followed by 97.50.

Scenario Cancellation
The bearish scenario will be invalidated if prices revisit the 98.20 level.

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