$FXS has declined 4.604% in the last 24 hours.
Current price action sits near the lower Bollinger Band at 1.864.
This suggests potential oversold conditions and a possible reversal.
Key support is at 1.877, while resistance is at 2.085.
If the price holds above support, a bounce back to resistance may occur.
Volatility appears to be contracting, indicating reduced price swings.
Consider placing a stop-loss slightly below 1.877 for risk management.
A wait-and-see approach is advisable until confirmation of a reversal pattern.
