Case for FXE Bear Put Spread
Next week’s ECB meeting seems unlikley to result in increased rates tapering while the Fed is actively unwinding QE
Softer EU inflation data, manufacturing PMI’s, and Italian elections keep pressure low on Draghi to tighten despite solid GDP statistics
Recent US equity spike in volatility likely to be top of ECB voters’ minds.
Target $112 by end of Q2 2018 but $108 if major European stress event occurs