The interest rate cut and the proposed measures by the ECB yesterday
brought the euro down a bit more, as expected by most traders
(most of the price was already priced in well before the actual decision)

what is interesting, though, is the sharp bounce back up
after the smoke had cleared
putting in a huge bullish engulfing candle on the 4hr chart on Eur/Usd

In the longer term the measures are there to help the eurozone
and while we may see the eur struggling at these levels for a while,
in the next couple of weeks we should see it strengthen and return back up to 1.40

gl to all during the NFP data release today
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