Technical Analysis of the US Dollar Index
The US Dollar Index declined with the market opening yesterday, Monday, as it is currently trading around the 96.50 level, after reversing downward from the DFVG area near 97.45. It is worth noting that the index is still trading within a bearish trend on both the weekly and 4-hour timeframes.

Key Economic News
The US dollar is awaiting today’s monthly retail sales data. This release is expected to have a significant impact on the dollar’s movements throughout the day.

Liquidity Levels
Prices are expected to continue declining and target the 95.92 level.

Scenario Invalidation
The bearish outlook will be invalidated if the index revisits the 97.45 level.