It's worth staying long here as long as the euro remains above the daily trend line. No promises that it will, but with risk appetite running stronger and the Fed noting some "green shoots" in its statement, it's certainly a trade.
With U.S. pending home sales up 1.1% YoY, there's a reason for risk appetite to keep improving which will help this trade. Also helping will be Chinese manufacturing, which poked its head into expansion according to last night's report. The CLSA China Purchasing Managers’ Index rose to a seasonally adjusted 50.1 in April from 44.8 in March
