The market appears to be calling for more sideways price action before resuming the LT down-cycle.
If our LT angled cycle is dominant (dark purple), we should find resistance at the 3rd channel bottom at 1.3725. If our LT flat cycle is dominant (black), we would likely go back up to the 2nd channel bottom at 1.3852 before resuming the down-cycle.
ST support should be at 1.3633 and 1.3575, although a break below those levels targets 1.3487 or 1.3414.