The area represented with the blue rectangle is a good place to buy (range 1.06500 - 1.05500). Stop loss just below the previous low 1.04500 (red line). Take profit 1.08800 and for those who like to hold longer 1.12000 is the second target (green line). A good trade management would be to open 2 positions targeting TP1 and TP2. When TP1 hit, move the 2nd...
On monthly time frame there is price rejection from the key support area. RSI divergence is also indicating a possible reversal. A strong bullish move up to 1.20000 (to meet the 200 MA) is a high possibility. Stop is just below the previous lows at 1.03850.