Given the way the Euro has been falling for quite some time now, 200 pips would not be all that ambitious a target surely? (if he was going for a 1:1 ratio say. As far as I can see, he has not mentioned his target in this thread. I can't get to his blog at the moment, in case it's on there).
Since he's using daily charts, I assume he is trading medium to long term.
Unless of course you believe the Euro is bottoming out, which is the $64,000 question.