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Hardy: EURUSD to hit near-term bottom

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The ECB benchmark rate remains at 0.05% and the there was some detail from Mario Draghi regarding the bond asset programme, more of the same some would say however what is increasingly different is the constrast between the ECB and the FOMC in terms of policy. The ECB still has QE on the table, or at least under the counter, while the Fed is exoected to bring in rate rises sooner rather than later.
Increasingly the approaches taken in the two contintents appeared separated by a common cause.
Saxo Bank's Head of FX Strategy John Hardy gives us his thoughts on the the ECB decisions and what levels to look for in EURUSD, which he predicts could hit a near-term rock bottom.