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Step 1
Heat the olive oil in a small saucepan over medium heat.
Step 2
Add the pimentón dulce and pimentón picante and stir until combined.
Step 3
Add 1 tablespoon of flour and stir until combined. Keep stirring for about a minute, to toast the flour slightly.
Step 4
Over a medium-low heat, add the broth very gradually, stirring constantly. (This is similar to how you'd make a cream sauce. The flour will absorb the liquid and leave you with a delicious sauce.)
Step 5
The sauce should start to thicken as you incorporate the broth; add more flour only if necessary to achieve the right consistency (it should be velvety and smooth, but not so thick that it holds its shape alone).
Step 6
Reduce to low heat and simmer for 3-5 minutes, stirring occasionally.
Step 7
Season with salt to taste.
Step 8
Drizzle over some fried potatoes and enjoy!