It's too early to be talking about trendlines. Give me a couple weeks of appreciation on increasing volume and I will quickly enjoy that topic. Until then, I am talking about zones of support and resistance. We broke a small resistance zone when we broke out of the .70's and that is now a support zone but it is weak.
If/When we break this current resistance point and solidify above 1.10 we will have a much better position as we will have a technical support in close proximity to a psychological support of $1.00. That is powerful.