Price is currently in a small consolidation period, where it is unable to break the most recent resistance level of ~112.841, and its also unable to break the current support level of ~111.957. The size of the candles shows that this is a pretty even battle between the bulls and the bears, although price is currently on an uptrend with it moving above the 200EMA. At the bottom of the short down move, a huge hammer candle stick has appeared, which is showing strength from the bulls, and with the price being right on my trend line, which has proven to be a great place as a 'buy zone' in previous parts of the chart, this is helping me to decide that this is a long signal. I wouldn't place a trade until the current resistance is broken though, somewhere around the ~112.900 level.