Reason for the trading strategy (technically):
Price is right on major support at 1.0591 ( , horizontal support, . We hope to see a bounce up from here to at least 1.0713 resistance ( , recent swing high resistance).
(34) is seeing strong support at 38% but is also seeing intermediate descending resistance which limits the upside potential.
(55,5,3) is seeing strong support above the 3.7% signalling a bounce is impending.