Not sure if were completing an intermediate ABC here to continue the longer term down trend or if this is a intermediate motive wave to start the up trend. I guess time will tell but in the short term looks bullish with some more up to come.
If this is a intermediate 2 forming then starting from the 1.1027 area to the 1.1015 area we seem to get a nice hot spot area of confluence. Sweet spot looks more like 1.1019 to 1.1013. Ladder in from 1.1040 stops at 1.1012 may be a good play watching the trend line that was broken and looking for resistance to be support.