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Coleman: How I'm trading EURUSD on ECB decision day

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EURUSD has been treading water for weeks ahead of Thursday's ECB meeting. That could all change later when we finally hear what President Mario Draghi has in store for the eurozone. Ian Coleman, from First4Trading, is ready to move and outlines how he's going to play the day.

Ian says there's three elements behind his outlook, two technical and one fundamental. He says markets are expecting negative deposit rates and it all hangs on whether we get news of any sort of QE. If that's triggered, we could see an aggressive sell-off. However, the euro could rally if there's little or no news on that kind of stimulus. Here, he outlines his trading parameters.