Dollar Index -22/01/2023-

• Dollar gave up most of its gains for the summer
• We are trading inside a bearish descending channel
• Sellers successfully broke below the 50% Fibonacci retracement of the whole uptrend
• Death cross adding to the bearish picture
• Next target is the 101.32 support followed by 100 round figure and 99.40 (61.8% and March 22 resistance)