A BUY opportunity can also be justified at the fact that the pair is considerably low on and is looking to gain back momentum. Currently we can also see that the Bears are returning into the market and this could enable the buying power to increase.
In terms of entry, ENTER NOW or wait for further Indication.
I hold no bias on this pair, and fundamentally Europe is a lot weaker than the US right now. Good luck with this idea though basit! It's anybody's game at this level