Investors looking to profit from a possible euro decline have short or bearish options as well, including the ProShares UltraShort Euro (NYSEArca: EUO), the ProShares Short Euro (NYSEArca: EUFX) and the Market Vectors Double Short Euro ETN (NYSEArca: DRR).

EUFX is designed to provide 100% of the inverse, or opposite, return of the U.S. dollar price of the euro, on a daily basis. The fund is up 1.1% over the past month and up 1.3% year-to-date.  [New Bearish Euro ETFs]

EUO is the double-leveraged version of EUFX, providing a -2x, or -200%, daily performance of the euro currency. The ETF is up 1.9% over the past month and up 1.9% year-to-date.

DRR tracks the Double Short Euro Index, which also provides a -200% exposure to the euro. However, DRR is an ETN, or a type of debt instrument that is subject to the credit worthiness of the underwriting bank. The ETN is up 1.2% over the past month and up 2.5% year-to-date.

CurrencyShares Euro Currency Trust

For more information on the Eurozone currency, visit our euro category.