Breaking first up means EU will likely touch second in the next two weeks, then bounce up.
When it finally breaks that low at 1.05, EU will go for parity, and likely subparity, like 0.95.
That is where the on monthly chart will have it's continuation and does a breakout.
For now, parity is questionable, and it won't happen unless a certain mix of things build up.
Breaking below 1.10500 (1.10483, last friday's low) will make certain EU is going down.
Short EU when that happens.