Pivot (invalidation): 1.1720
Our preference Long positions above 1.1720 with targets at 1.1765 & 1.1785 in extension.
Alternative scenario Below 1.1720 look for further downside with 1.1700 & 1.1670 as targets.
Comment Technically the RSI is above its neutrality area at 50.
![](https://www.actionforex.com/wp-content/uploads/2018/07/acm2018072311-600x392.jpg)