⚡️EUR/USD FALLS⚡️

💶 EURUSD broke below the long-term range and navigated downwards. The Alligator’s lips broke below the jaws, and the MACD breached below the mid-line.

🌍 Fundamental 🌍:

🟢 Euro could reach parity with the dollar by year-end, driven by strong negative investor sentiment toward the Eurozone. 🟢Traders expect a cumulative 1.5% ECB rate cut in 2025 (BBG). 🟢Additionally, recent PMI data indicates a sharp economic slowdown: Composite PMI fell to 48.1 (previously 50), Manufacturing PMI to 45.2 (from 46), and Services PMI to 49.2 (from 51.6).