Current price action for $EURI is hovering near the upper Bollinger Band at 1.1728.
This proximity suggests potential overextension, cautioning against immediate buys.
The lower Bollinger Band at 1.1635 aligns with key support at 1.1621, offering a strong reversal zone.
Volatility appears to be contracting, indicating a potential breakout or breakdown.
Implement a stop-loss below the 1.1621 support level for risk management.
Traders should consider waiting for a clearer direction or set alerts near the upper and lower bands.
