Besides the delicate state of the PIIGS countries, the current situation in France will certainly affect the country's GDP, and in turn it may have an effect on the Euro. As the USD continues to sink, the Euro is too high versus the USD. As soon as the US elections are over, the Euro is due for the reveral.
Below are straddles for FXE for both November and December, which allow an investor to profit whether it goes up or down, as long as it moves the necessary amount.
Computed with StraddlesCalc Tool
Please do your own due diligence. This is not advice. Options are very dangerous and may cause 100% loss.