Technical Analysis of the US Dollar Index
The US Dollar is moving in a sideways trend on the 4-hour chart, following a rebound downward from the WFVG, forming a DFVG area around 97.36, where prices are currently trading. Considering the liquidity below 96.20, it is likely that the current DFVG area may close. There is also a possibility of a price rise, provided the daily candle closes above 97.74.
Key Economic News:
There are no significant economic news events for the US Dollar today, so the movement is expected to be stable.
Liquidity Levels:
Prices are expected to rise, targeting 98.51, then 99.48–99.95.
The bearish scenario is invalidated if prices reach 97.50.
