We are seeing sideways action since Jan 21 were price has been sticking to the lower end of the Cloud, just below the Weekly pivot point at 1.3680. The projected Cloud is twisting and turning with a knot. And a remarkable row of dojis can be seen from the last days movements. Oftentimes these dojis precede a sharper move in either direction. Yesterdays price action saw some bullish divergence on lower timeframes but the slight recovery has had no follow through as of yet. Bulls would like a resolution and a break above the Cloud preferrably with a close above the 1.61 S/R level, as a first step to shift the trend. A taking out of the Jan 18 high at 1.74 is also crucial in a reversal attempt. To the downside, a breaching of the 1.13 low from Jan 22 will expose the low from Jan 17 at 0.87 which aligns with the new Weekly S1.
Also take a look at the hourly analysis, with a terminating Triangle.