DXY First 1W MA50 test since March. Bullish or bearish?

The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed however if the price gets rejected on the 1W MA50, i.e. test it and close the 1W candle below it.

In that case we will open a sell on the spot and target the 1D MA200 again and Support 1 at 103.000. If after that the price closes a 1D candle below, we will sell again towards Support 2 (102.000).

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