Pivot (invalidation): 110.05
Our preference Long positions above 110.05 with targets at 110.35 & 110.50 in extension.
Alternative scenario Below 110.05 look for further downside with 109.90 & 109.80 as targets.
Comment Technically the RSI is above its neutrality area at 50.
![](https://www.actionforex.com/wp-content/uploads/2020/01/3-32-600x392.jpg)