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EURUSD: Daily Forecast & Intraday Analysis

The euro strengthened above $1.09, heading towards its most robust position since late August, following data indicating a potential easing of the downturn in the Eurozone economy.

The latest PMI survey unveiled a slower contraction in the bloc’s business activity in November, despite a decline in employment levels since the start of 2021 and a six-month high in input cost inflation.

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