the proposed buy area has an important trendline
running through it which may add additional support to the pair. I have traded this pair 4 times since April with a 100% success rate, the impulsive move may have ended and a 3 wave pullback appears to be moving back towards the trendline
. A decision needs to be made about when to enter, a large stop loss representing a large buying area caused by a large pullback always adds a note of caution.