ECB cut rate to 0.05%
FXBAZOOKA.com - The European Central Bank unexpectedly cut benchmark rate from 0.15% to 0.05%.
EUR/USD tested $1.3036. Next target on the downside is $1.3000. Former support at $1.3110 represents a resistance.
The ECB’s President Mario Draghi will start his press conference at 12:30 GMT. Watch it live at the ECB’s website.