FXstreet.com (Jakarta) - The Euro (EUR) was range bound while the market awaited the ECB Rate Decision. The decision to cut by 0.25% was widely expected and attention now turns to the press conference. The announcement of new measures was discounted as not true Quantitative Easing and the market bought the Euro aggressively to test highs above 1.3400.
Weakness in US stocks towards the end of the day prompted mild profit taking, said Easy Forex Team. Overall the EUR/USD traded with a low of 1.3250 and a high of 1.3475 before closing at 1.3390.
For more information, read our latest forex news.