The US dollar is under pressure, does the downward trend continue Here are the most important forecasts

Technical Analysis of the US Dollar Index
The US Dollar Index is moving within a downward trend on the weekly and 4-hour timeframes. Prices have formed an IFVG area after bouncing down from the 97.80 level. During the day, prices are expected to continue declining on the US dollar. The current levels around 97.80 are likely to act as resistance, from which prices may fall further.

Key Economic News
There are no significant economic events today; therefore, market movement is expected to remain relatively calm.

Liquidity Levels
Prices are expected to decline and target the levels of 96.75, followed by 95.95.

Invalidation of the Bearish Scenario
The bearish outlook will be invalidated if prices reach the 98.61 level.