If ECB cuts the rate from 0.75% to 0.50% and EUR will go up to 1.34 I will laugh.
It is not totally impossible milos! We have strong short side positioning of the market as some data suggest. You could see for example oanda open orders and positions ratio. There are much more traders with short positions as compared with long positions. This is known by the big guys and the stops of these positions, generated mostly by short term retail traders are very appealing to be triggered. Such stops exists all the way from 1.3230 till 1.34 so nothing is impossible