This chart sort of speaks for itself. It's difficult to see since I didn't zoom all the way out but as you can see, there are about 3 Fib points (2 retracements & 1 extension) lining up at the same level. Add to that there is also a potential ABCD pattern completion at the same level. Scroll left and you'll begin to see a few structural levels around that potential reversal area as well. Needless to say the market is giving us a key area to watch, the only question is do we enter? And if so how do we enter? I can't answer that question for you since we all use different rules, but hopefully we'll all get the opportunity to make some money if the market does give us reason at this point. When going through my charts this morning I noticed a few pairs with similar setups as well.