If it’s volatility you’re after in the next few weeks then I would look to cable or the JPY crosses as EUR/USD is in the grips of a big option play by the biggest market player. The bids are big at 1.3750 and will get bigger towards 1.3650. The offers are big towards 1.40 and will get bigger towards 1.4100. According as one side starts getting filled, the other side moves in. In other words, they are jobbing EUR/USD for 200 pips. When you have massive size on your side, then you can do this. For what it’s worth, I believe the protection on the downside is much bigger than the topside.