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Hi everybody, welcome back. Dollar rally continues across the board with Gbp suffering the most after elections, as results from the European Parliament elections showed a terrible performance by the U.K.’s ruling Labour Party. But greenback positive tone is not limited to Gbp: Euro continues falling approaching to the key 1.3740 key zone. Break under that level, could well bring back a falling trend. The idea of the FED hiking interest rates sooner than later, continues driving market better than stocks. Is dollar falling trend over? Not yet at least from a technical point. Till now, movements seem to be corrective but key trend change points are quite close. I will post them in the next hours. Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!