EUR/USD - Is this going to be a limbo contest?

FX:EURUSD   Euro / U.S. Dollar
How low will it go? All the oscillators on all the charts from the monthly down to the daily are showing this as oversold. I would be very cautious on taking this either way. If you're looking to get in, YOU'RE CHASING. I'll be waiting until something jumps out at me. The trend is bearish and I'm really not into picking bottoms. Maybe I'm just squeamish (a wimp), but I'll be parked on the sideline.

Best of luck!!!