What does a negative E° (standard reduction potential) value of a redox couple indicate?

1
Redox couple is a stronger reducing agent than couple H+/H2 couple.
2
Redox couple is a weaker reducing agent than the H+/H2 couple.
3
Redox couple is a stronger oxidising agent than the H+/H2 couple. 
4
Redox couple carry equivalent oxidising power as H+/H2 couple.

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