The EUR/USD returns to the 1.3600 zone.

The European Central Bank has cut its interest rates and for the first time in its history, it has implemented negative interest rates during today´s announcement. This is an attempt by the central bank to stimulate the economy and make the inflation levels go up. This is what caused the Euro to drop versus its major counterparts, especially versus the Dollar. But we also see on the daily chart below of the EUR/USD that the price has come back to the levels previous to the news release. Most probably, the market had already priced in the actions by the ECB and probably the Euro does not deserve to be at such low levels.

However, tomorrow we have the Non-Farm Payrolls report out of the United States and if the reading comes out better than expected, then we may see the Dollar strengthening and most probably the Euro will keep losing ground versus the greenback.