The reaction in the US dollar finally afterwards was more measured. The euro dollar gained 500 pips in a straight line 250 subsequently falls this morning !
Technically, the downtrend is still relevant as the upper limit has rightly been tested well last night. The trend remains clearly with two terminals close monitoring: 1.1083 and 1.05. A long can be opened to the crossing of the upper limit, while breaking the lower limit would cause a downward acceleration to below parity of 1 euro for 1 dollar.