
Technical Analysis of the US Dollar Index
The US Dollar Index is moving sideways on the 4-hour timeframe. Prices retreated from the 97.40 level and are currently trading near the same zone. This sideways movement is driven by the current tensions between Trump and the Federal Reserve. A corrective bearish move is expected to continue during the day.
Key Economic News
The US dollar is awaiting one of the most important data releases today: the monthly Personal Consumption Expenditures (PCE) index, which is likely to drive market moves.
Liquidity Levels
Prices are expected to decline during the day, targeting 97.30 followed by 97.10.
Scenario Invalidation
The corrective bearish scenario would be invalidated if prices reach 97.80.
(Caution is advised, with low-risk trading recommended, as the US dollar remains volatile).