It is heading for 100.83 ( fib 0.618) - 101.33 which is the next major for this pair.
See inner for pull back targets as this trade goes on. One better trade this pair on 240 and 60 min in order to be able to trade it. It is a bit tricky.
I expect this trade to correlate with the USDJPY as that one will take off later during the year. A range play is likely to develop as this pair reach its first target as well - ranging between 101 and 97.
Keep an eye on the Stochs, MAs and the Inner to trade this one back and forth as you wish.