Pivot (invalidation): 110.50
Our preference Long positions above 110.50 with targets at 110.85 & 111.00 in extension.
Alternative scenario Below 110.50 look for further downside with 110.30 & 110.10 as targets.
Comment A support base at 110.50 has formed and has allowed for a temporary stabilisation. The pair validated a Double Bottom: a bullish reversal pattern calling for a rebound.