Of course, this is a monthly chart, and anything could happen during the month to affect the direction, but as it stands right now, the EU is oversold, far from its MA's, and seems to be bouncing off strong support. I'm looking at the first target as 1.1000 clearly a psychological level, if this breaks, and I mean breaks, not just gets penetrated, we're looking at another 900 pips upwards. Just my thoughts.
Happy trading.