EURUSD 1W

- 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