Last week, the Euro Index (an average of the single currency’s value against top counterparts) bounced smartly off support at a rising trend line connecting the lows from late October, adding 2.4% to date. However, the link between the European unit and risk sentiment seems to be fading. Indeed, the Euro and the MSCI World Stock indices are now only 37.5% correlated, whereas the reading was over 80% as recently as March. What will drive price action from here? Our DailyFX team weighs in and offers their top ideas for trading EUR in the days ahead.