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 position's SL to break even.