EUR/USD hit again as it sets yet another 2024 low approaching 1.0425

The EUR/USD has just now hit fresh session lows as slides towards 1.0425. That move comes affair a miss on the Eurozone PMI data, replicating that seen from France and Germany earlier. The accompanying statement with this data is pretty awful too and not at all positive. The region is at greater risk of recession than at any time this year it seems and that has weighed badly on the EUR/USD. Do you remember what has been outlined here for a long while now and more recently since the outcome of the US election? Well, the risks of a fall towards an outlined, measured move towards 1.0150 have not changed people and nor will they. This whole move lower in the Euro actually started before the US election and you were warned several times on the way down from above 1.12 and at no point has any update here suggested anything to the contrary. The EUR/USD is right now at 1.0437