Europe exchange traded funds have been vexing investors for most of this year, but with the European Central Bank (ECB) meeting next week, there is a potential catalyst to finally help these ETFs shake out of their respective ruts.

According to JPMorgan Asset Management, the European stock market has gotten too cheap to resist, with valuations on the MSCI Europe ex-UK Index and the FTSE All-Shares Index at attractive valuations when their price-to-earnings ratios are adjusted for inflation over the past 10 years, reports Aleksandra Gjorgievska for Bloomberg.

Related: Brexit Opens Opportunity for Europe ETFs

ETFs such as the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ) and the iShares MSCI EMU ETF (NYSEArca: EZU), which is not currency hedged, have been hindered by a surprisingly strong euro, but that is a scenario that could change as well.

Some technical analysts see the STOXX Europe 600 Index, a broad measure of European equities, as poised for a technical rally.

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“It is seriously threatening a break above this resistance cluster. If the breakout is successful, the index could probably trade up to the mid-370′s, or about 7% higher, without a lot of trouble – that is, if the rest of the global stock market isn’t rolling over,” according to Dana Lyons.

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