The $EURI is currently testing the lower Bollinger Band at 1.1721, indicating potential oversold conditions.
A price bounce here could signal a trend continuation towards resistance at 1.1806.
Volatility appears to be contracting, typical of a potential breakout scenario.
Consider placing a stop-loss below 1.1714 to manage risk.
Traders should wait for confirmation of a reversal or a breakout before making any moves.
Setting alerts near these key levels can help capitalize on the next price action.
