I think medium term means as long as all the stop loss are touched. What splendid thing happen that euro is up almost in 200 pips in just one and half day!!!!! May be they have found the Hand of Midas!!!!
I think ero will eventually go down .May be it will climb 1.2815 to 1.2873 but then It will again retest the 1.2660 level.
This is strange. After all this bad news coming from but eurusd up.