-The light blue lines show the clear uptrend (overall bullish) -The red lines show the recent downtrend (short term bearish) -The uptrend line clearly has been broken, yet it seems to be a false breakout and the pattern should continue once it is around the support line (dark blue) at 1.0696. -The recent downtrend line is about to be touched, yet most likely to bounce off -MACD is about to cross over (indicating buy) -RSI is currently at about 17.6 (indicating oversold) -Doji-like candle sticks can be seen at the end, indicating congestion and indecision between bulls and bears -Bollinger Bands indicate high volatility -Moving average is still resistance but looks like it is about to cross over (becoming support) -2 possible options: bounces off downtrend line/slightly underneath and touches uptrend line, from which it bounces again, or bounces off downtrend line/slightly underneath and continues to go up through uptrend line creating steep bullish trend -IF line does not stop even when it touches support line close trade immediately