Just to add one important fact: Germany and France (motor of the bloc) are sliding deeper into recessionary territory. The ECB got under immense pressure from Paris and Berlin to change their course now. What that means for the Euro is clear... wait for the end of this counter move.

GhostofTruth

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In November, the economic deceleration in the Eurozone revealed a more pronounced impact than initially estimated. According to S&P Global's latest release, the composite index for both manufacturing and non-manufacturing sectors rose to 47.6 (up from October's 46.5). Contrary to expectations, economists anticipated a confirmation of the initial report at 47.1.

The Purchasing Managers' Index (PMI) for the service sector also saw an increase to 48.7 (from 47.8), surpassing the predicted confirmation of the first release at 48.2. Index levels below 50 indicate a contraction in activity.