The rate EUR/USD was quite volatile yesterday. The euro weakened after French prime minister said that the ECB should consider cutting the rates. The euro will be under pressure till next ECB meeting holding on March 4th. In case of rate cut we expect the euro to weaken to 1.20 EUR/USD, if not, the rate will move back to 1.27-1.29. Some clear signal can bring today's inflation data in EMU countries. Inflation fall is not foreclosed.