Europe for now has a grip on the debt crisis, this strategist says, and he is ready to trade the improving market mood.
The euro cleared 1.3000 today, and Boris Schlossberg thinks he knows why.
Schlossberg, a managing director at BK Asset Management, argues that it's all about European Central Bank President Mario Draghi.
"When Draghi came out on Thursday and said 'don't mess with me,' he put a very, very strong bottom underneath the euro," Schlossberg told CNBC. "At this point, the idea is don't fight the ECB."
Between the ECB's bond buying program and the fact that European leaders are starting to come to agreement on aid measures, "they have pretty much stopgapped the sovereign debt crisis for the time being."