The US Dollar Index is trading with a clear bearish intraday bias, remaining below the key pivot level at 98.20, which reflects ongoing selling pressure and weakening momentum. As long as the index stays under this level, the downside scenario remains dominant, with expected targets at 97.80 followed by 97.50 if the decline continues.
However, if the index manages to reverse and move above 98.20, a corrective rebound may develop, opening the path toward 98.50 and then 99.00. Overall, continued trading below 98.20 increases the likelihood of further downside toward 97.80 in the near term.
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