ECB shall maintain the price stability not exceeding the 1.2000 for 15 % yield. Excessive may hurt all prices and kicking price stability.
ECB president Draghi always stated that the ECB mandates by its statue is to manage the medium term price stability according to international commitment and rule of thumb and the rule not exceeding 15 % width of band as agreed by global monetarists attached on OECD, IMF, G8, G10 and G20.
We will see how committed and credible the ECB on the international rules on the managed float of the international monetary system.
Short on EURUSD could be commenced from the EURUSD price at 15 % yield (tolerance 1.00 %), subject to however, ECB is committed on the rule of the thumb.
USD investors may take times to liquidate their investment from EUR and EUR-denominated debt securities and their liquidation trading activity may to cause the EURUSD to volatile at 1.2000 (1.00 % tolerance).