FX:EURUSD   Euro / U.S. Dollar
- Euro has broken down significantly, showing signs of extreme *exhaustion. However, we are getting close to a support level 1.12, and therefore we could see a bit of a bounce back!
- Friday reaction is due jobs figure, as people suddenly become concerned that the Federal Reserve may not cut interest rates and it’s likely that the market may come to its senses on Monday as the Federal Reserve is most certainly going to ***cut interest rates***

**KEY to keep in mind**
**The 61.8% Fibonacci level - held from a long - term chart, so at this point long term traders are looking to BUY Euro “very cheap.”
**If we can break above the 1.1350 level, then we will try to take out the shooting to the high.
**The 1.11 level is massive support, so it’s very likely that the buyers will certainly be there with power.
- if we break 1.11 level - clear sell to *** 1.0833*** next support.

Regards,
GoldFXcc Team
GOLDFXCC™

UK’s Largest Forex Trading Group.
#EDUCATION | #SIGNALS | #MENTORSHIP

➤ Free Telegram: https://t.me/GFXMarketOutlook
♛ Website: https://goldfxcc.com

☛Join premium automatically 1Month trial
https://app.moonclerk.com/pay/4kndcatwy61f

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out