The euro has dropped against the dollar, retreating to 1.13 as a result of disappointing PMIs. This decline reaffirms the 1.12-1.15 range as a significant multi-year pivot point. Investors should keep a close watch on market trends to gauge potential reversals and opportunities.

The latest economic indicators suggest lower manufacturing activity in the Eurozone. This weakness couples with a robust US dollar, which continues to attract investors amid increasing interest rates in the US. As we approach critical support levels, traders need to prepare for potential volatility ahead.

Key economic data releases will influence market sentiment in the coming days. The outlook remains cautious, with many analysts predicting additional moves toward the lower boundary of the current range. The upcoming sessions will be pivotal in determining whether the euro can regain strength or if further declines are on the horizon.

Market participants are encouraged to stay updated on economic releases and geopolitical developments that may affect the currency pair’s trajectory.