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EURUSD looks like it might be heading towards S2 pivot at 1.15805. RSI is already oversold, but it could still go lower. I'm wondering if this is a good point to start looking for a reversal or if the downtrend is too strong to fight? Any thoughts on potential entry points if it bounces?
Update: It broke through 1.15805. Guess the downtrend is stronger than I thought. Will watch and see if it finds support soon, but maybe time to consider a short position...
