1) Divergence in the 4hr RSI and MACD crossing over.
2) Price has touched the bottom of the downward trendline on Oct 06.
3) Support at 38.2% Fibo of the rally from Jan 2016 to Aug 2016
4) May see another downleg to sub 37 due to spiking USD but risk/reward is good for a bounce to 42
Risk/reward ratio is 3:1