Big picture - we are in the final wave 5 of wave C of a flat correction started in 2017. The target is 87-88 level, once reached USD bull trend will resume, see linked big picture analysis done many months ago.
My target on expecting EUR/USD pair is ~1.27.
On March 31st, the price was rejected by the upper line of the down-trend channel and rushed down. We are close to completion of its first move down, some (could be significant) pull-back is expected, but then the trend down will resume.