Reason for the trading strategy (technically):
Price has dropped further and is in a strong descending formation. The plan is to go flat now and buy on the exit of this formation. We look to buy on the break of 0.9741 (Horizontal overlap resistance, , descending resistance) and we expect momentum to push price up to at least 0.9809 resistance ( , horizontal swing high resistance, ).
(34,3,1) is seeing strong support above 11% where we expect a bounce from soon.