Check the chart, it has broken the downtrend last Friday. If you're checking out the swing at the daily, 1.0730 was actually a retracement. EUR bouncing from that justifies this upward swing and let's this opportunity at an early stage.
When to enter: Buy once it holds within the upward channel (Blue lines) with buy confirmation from the stochastics. When to exit: Exit at 1.10144 which is resistance from December swing highs which is consistent with our Fibo extensions.