Pair is rebounding from a 15-days low. ECB signalled it may cut rates in order to support the growth, however, the rates are already running in the negative territory leaving little space for a manoeuvre. Haven Yen, however, will benefit from the economic weaknesses. Not many data to expect in the weak ahead apart from the Eurozone CPI on Friday. Whether the price reaches above 50 MA we could expect 124.00 level to be the next target.