The purple line marks a level on the daily (D1 Chart) that I was observing. Today it turned out to be the level where a pattern completes. D-point and level are well aligned which gives an extra confirmation.
Nevertheless I'm cautious about this specific one, since there is much momentum in the downward correction. Therefore I expect the price to peek through that level @132.233, but than turn upwards within the Potential Reversal Zone (PRZ) depicted in blue.
Note that T1 and T2 are near the classic Fib levels, but do not align completely. They are derived by recent structure levels (look left, you'll see).
I personally will watch the price action now to enter into this beauty.
Happy pips to all of you.