Technical Analysis of the US Dollar Index
The US Dollar Index is moving in a downward trend on the daily and 4-hour timeframes. Prices have declined sharply since the beginning of this week ahead of today’s Federal Reserve interest rate decision. A DFVG zone has been formed, which represents a key selling area, and prices are expected to react lower if they revisit it. Currently, the index is trading around 96.32.

Key Economic Events
The most important event today is the interest rate decision, and even more critical will be Jerome Powell’s statements during the press conference. Prices are expected to remain volatile ahead of the news, which will have a significant impact on the markets overall.

Liquidity Levels
Prices are expected to continue their decline, targeting the 95.95 level. If this level is broken and sustained below, followed by a retest and a break of the recent low, prices are likely to extend the decline toward 94.65.

Invalidation Scenario
The bearish outlook will be invalidated if prices revisit the 97.45 level.