It is expected that ECB will cut rate and what you will do in such case. I am planning to go short on EU and EJ with tight stop loss and if it moved clean then a 100 pips can be made. I am not a pro trader and your suggestions will be helpful.
the short in euro is most likely allready in the market, if they lower rates, it looks more like a buy to me ...
this is an asymmetric trade b/c everyone expects a rate cut but i don't think it's a done deal. obviously don't place a trade ahead of time just wait until after and ride the trend.
1) assuming you know how the market will react is often a mistake 2) tight stops after big news/announcements are usually an even bigger mistake