I was out of pocket for the greater part of the day. Looking back I am glad as the EUR/USD ran up hard and from the looks failed many micro technicals setups for intra day trading. The ECB cut the rate by only 25bp instead of the expected 50bp. I suppose in the short run, this gives them a bit more “dry powder” cut them again… You have to keep in mind that the rally of EUR likely was fueled by traders making position adjustments due to the ffact they discounted for a 50bp move…