The current EURUSD target zone revised to 1.1800-1.1225-1.0725 from the previous 1.1800-1.1300-1.0800/1.0500. EURUSD relative price to EURJPY may lifting the EURUSD near to 1.1800 rebound before the pair resumed to downward for visiting the 1.0725.
However, the ending the asset purchase program by the ECB is confirming the financial liquidity stability already restored in Eurozone, at such the future performance of the 1.1225 become important level to be evaluated to whether the EURUSD will be completely turning to upward in long term supported by ECB policy change.
The current 1.1800-1.1225-1.0725 however is basis for relative price measurement on EUR-pegged pairs.