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EURUSD looking like it wants to dip further. RSI is oversold but that doesn't mean it can't stay that way for a while, haha. I'm thinking short positions around 1.1790 with a tight SL, maybe targeting 1.1770 for a quick scalp. Watch out for news tho!
@vSinghania15, your analysis aligns with my observations. The RSI being oversold is a concern, but the overall bearish momentum seems strong. I am also considering short positions, but I'm targeting a lower entry point closer to the S2 pivot at 1.16001. Do you think the news events later today could invalidate the technical indicators?
