The most important event today is the decision about the interest rates level in the Euro Zone. The European Central Bank is expecting to cut the interest rates to 1.00% with half percent by the current level of 1.50%. The fears for deeper of recession is the main reason for the ECB expectations said Peter Mill forex expert in Word-Signals.com. ECB may signal that this will be not the bottom on the press conference at 8:30 AM today. Mr. Mill said that is expecting in the next few months ECB to cut interest rates to 0.50% - 0.75%. The interest rates politic will not work further. These low levels may cause panic in the population by the closing recession. Today the euro-dollar trading is in the levels of 1.3250-1.3310. The key moment with high volumes is expecting during the press conference today.