Pivot (invalidation): 5.5920
Our preference
Long positions above 5.5920 with targets at 5.6260 & 5.6480 in extension.
Alternative scenario
Below 5.5920 look for further downside with 5.5770 & 5.5530 as targets.
Comment
The RSI calls for a rebound.
(By Swissquote TRADING CENTRAL)
![[TLV]: Timings at Market Highs and Lows Price Extremes, Exhaustion, and Timing Reactions](https://c.mql5.com/6/1006/splash-preview-770296.jpg "[TLV]: Timings at Market Highs and Lows Price Extremes, Exhaustion, and Timing Reactions")
![[TLV]: When a Timing Should Be Ignored Liquidity Activation Point ≠ automatic entry](https://c.mql5.com/6/1006/splash-preview-770298.png "[TLV]: When a Timing Should Be Ignored Liquidity Activation Point ≠ automatic entry")