The Euro bounced back today on talk that the Greek bailout will be finalized this weekend. If it does not, the Euro will come crashing down again. Even if it does, its troubles are far from over. The currency can go anywhere, a perfect spot for straddles since FXE is trading between high volume strikes.
Here they are for May and June, computed with StraddlesCalc Tool.
Can FXE move 2.4% in 3 weeks? It has moved quite a bit lately.
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Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.