Euro

{updated}Off of last night's post, here's an updated chart of the Euro with some nice reactions off of our median lines, particularly that of the long-term Upper Median Line:As the profit taking off the Euro lows subsides we got some nice examples in Andrews pitchfork setups.
The red median line goes back to April 12th and includes 25% warning lines (white dash lines parallel to the upper and lower red median lines). Once price broke down from a long-term support level (1.32) short covering brought price back into a consolidation range between the upper median line and it's 25% warning line before breaking out.
The Yellow pitchfork is a result of the most recent 3 pivots and the handle (yellow dash line) provided a nice point of resistance. A retest of this handle mid-line resulted in a sell-off back to the long-term median line's 25% warning line. It should be interesting to see how price reacts to the confluence of support below (the 1.32 price level, the Red upper median line and the Yellow lower median line).