The pair has completed a reversal formation few weeks ago, and closed below the mid-band for the . The move reached near the ideal target for the formation, but found demand at the first rising .
Just below is another key longer term in addition to the lower-band. Having said that, trend-followers will be eager to long the pair near that green shaded area. You can time your trade or wait for more confirmation through the lower time-frames e.g daily or four-hour charts.