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EURUSD looking oversold on the RSI! 🤔 Might be a good time for a small bounce back, but I'm not convinced it's a full reversal yet. I'm waiting for a confirmation before jumping in with a long position. Patience is key, my friends! 🧘♀️
Update: Okay, so I'm seeing a bit of consolidation around 1.1580. Could be a temporary floor, or just a pause before another leg down. I'm thinking if it breaks below 1.1570, we might see it test S2 at 1.15798. On the upside, if it can push past 1.16, I'll reconsider my bias. For now, I'm staying cautious and keeping my powder dry. Remember, trading is like jollof rice – you need the right ingredients and timing to make it perfect! 😂 What do you guys think? Any thoughts on potential entry points?