DXY: Consolidation and sell after the 1D MA50 breaks.

The Dollar Index got rejected on R1 (105.830) that is the Resistance that formed the December 7th and January 6th Highs and turned neureal on its 1D technicals (RSI = 51.995, MACD = 0.460, ADX = 33.297). We expect some consolidation inside the R1 - S1 (103.470) range, same as in December but when the 1D MA50 breaks, we will turn bearish (TP = 101.000) targeting S2.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##