Lots of technicals lining up at the 1.40 even level. We got the .382 fib from the long bullish trend coming in right on that level. And a bunch of fib extentions and inversions of the last leg down. And of course the most important thing, there is also STRUCTURE.
At the moment we're in a flag (check lower TF), waiting for a break lower to reach the 1.40 level.
I wouldn't aim too high with targets. Stops below your entries ;]