Price bounced from the 76,4 fib of CD leg, just missing the Monthly Pivot Point. The completion of the two waves down is in the 1,3655-80 area, depending on how one draw them. The lower (blue) channel line marks the bottom of a channel going back to July 2013. It is also a line in the sand, for bullish bias (the more conservative approach points to a taking out of 1,33 before bullish bias is removed). Technically, probabilities points to a completion of ABCD pattern and a test of lower channel border and Monthly PP, before a deeper bounce. An impulse study of first move down from the top, also points to this area (1,3650), which is also a previous bottom from late february.