Euro$ October 1st

After another European session of intense upward momentum for price we have arrived in the last 15 mins at a UMLP that i had forgotten but reverting back to my E-Signal long term charts think that regardless of whether price goes through it eventually will still cause a shock to price action and we should see a retracement from 1.3764. My experience from observing price is that when a line such as this is reached there is usually a retracement( even after almost vertical action) and then a period of consolidation before the original trend is resumed. The period of consolidation is often volatile and whipsaws around (as well as cycling up and down in decreasing wave patterns) before the breakout continues. I have no doubt that the Euros is heading for 1.4000 and even with my eyes still watching the USDX to see if downward price action changes when it reaches the RL. (see previous posts)
Below we have the MT chart where the chocolate line is the long term UMLP (blue in E-Signal)
and another UMLP, green. This is a mod 'Schiffed' fork using the absolute low( 1.18--) and the August high and the subsequent low form the RT.This fork is an absolute gem and its reaction lines have helped in many a trade decision for me. Sadly there is always the problem of distortion with Metatrader where in higher time frames the lines 'move' away from price but in lower TF's there is more accuracy. This is another excellent reason for cross checking all your lines/forks in E-signal and Ensign, both of which have greater clarity and precision.