Zooming out on the 3M chart, the structure speaks volumes.
After years of downward pressure, the pair found footing at a major low (2021), forming a rounded base. Now we’re seeing a potential macro shift in momentum with confluence from the 0.786 Fibonacci and price edging toward that psychological 1.42 zone.
Previous high? Marked.
Psychological resistance? Noted.
Next checkpoint? 1.4250 retest.
Patience is power when you’re analyzing legacy structure. Let the candles tell the story.
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