Pivot (invalidation): 7.9050
Our preference Long positions above 7.9050 with targets at 7.9350 & 7.9550 in extension.
Alternative scenario Below 7.9050 look for further downside with 7.8880 & 7.8680 as targets.
Comment Technically the RSI is above its neutrality area at 50.
![](https://www.actionforex.com/wp-content/uploads/2020/10/7-10-600x392.gif)