On the monthly timeframe the actual candle last month formed a further bearish signal pattern, so the candle should be closed this month too. Because the tail above looks very long and a small bearish body and makes a new low.
Whereas on the weekly timeframe, prices are making corrections, so from weeks 1 and 2 they are closed bullish. If this week's price is able to close above 1.1090, then it is likely that next week the price will still make a new high again as part of the correction. But if it is below that, it is likely the price will be bearish next week.
As for the bearish target, by using fibo expansion, we will get the first level in the range 1.08. Which means there is still a distance of about 200 pips again to form a monthly fresh low