Technical Analysis of the US Dollar Index
The US Dollar Index is moving within a bearish trend on both the 4-hour and 1-hour timeframes. Prices declined from the 97.98 level after liquidity was taken from Monday’s high. Currently, prices are trading around 97.87. A break below 97.73 will be a bearish signal, indicating the start of further downside moves for the US Dollar.

Key Economic News
The Federal Reserve minutes released today are of great importance as they reveal behind-the-scenes discussions among committee members regarding inflation, interest rates, and the overall economic outlook. These minutes help investors better understand the future direction of monetary policy, whether towards rate cuts or continued tightening. The impact extends directly to the US Dollar and global markets, reshaping traders’ expectations. Stock markets and cryptocurrencies closely follow the release, as it increases volatility. In short, the minutes serve as a forward-looking signal for the economy and monetary policy.

Liquidity Levels
Prices are expected to decline towards the 97.50 level, followed by 97.30.

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