$CITY has moved up 2.778% in the last 24 hours, testing the upper Bollinger Band at 1.050.
With the current price hovering around the upper band, this could indicate potential overextension.
If the price fails to breach resistance at 1.066, expect a possible pullback towards support at 1.008.
Volatility appears to be contracting, suggesting a narrowing price range in the near future.
Traders should consider a stop-loss below support to manage risk.
Recommended action: set alerts for a breakout above resistance or a decline below support.
