$ATM spiked to 1.640 and has been retracing but buyers are stepping back in.

The higher low structure on the recovery is what matters here.

EP

1.500 - 1.570

TP

TP1: 1.640

TP2: 1.750

TP3: 1.900

SL

1.310

Price ran from 1.288 all the way to 1.640 before the natural retracement. The current price action around 1.565 is holding well above the midpoint of that move. Liquidity below 1.425 was already tested and rejected. Setup is clean.