Technical Analysis of the US Dollar Index
The US Dollar Index is currently moving within a downward trend on the weekly timeframe. Prices rose last week from levels of 97.30 to 97.95. It is worth noting that prices are moving in a corrective upward movement on the 4-hour timeframe. Currently, prices are facing a WFVG area, from which prices are expected to bounce downward. The decline from this area depends on observing clear negative price action.

Key Economic News
The most important economic news awaited by the US Dollar during the week is the US inflation data. This data strongly affects the US Dollar. Also, the monthly Producer Price Index (PPI) data, followed by US unemployment claims data, are expected to have a moderate impact on market movements.

Liquidity Levels:
We still expect today the continuation of the corrective upward movement on the 4-hour timeframe to target the levels of 98.20, and prices may reach the levels of 98.60. After reaching these levels, we will monitor prices until we observe negative price action indicating a decline.
The current corrective bullish scenario will be invalidated during the day if the price revisits the 97.30 levels.