The US Dollar Index is trading with a bearish intraday bias, remaining below the key pivot level at 98.20, which reflects continued selling pressure and weak bullish momentum. As long as the index stays below this level, the downside scenario remains favored.
If the bearish movement continues, the index is expected to decline toward 97.60 followed by 97.20. However, if the market reverses and breaks above 98.20, a corrective rebound may develop toward 98.40 and then 98.60. Overall, sustained trading below 98.20 supports further downside toward 97.20 in the near term.
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