Euro is just as like dropping under free fall without air resistance. Though it is surging these few hours and broke the down-trend channel, last high at around 1.2439 gave a great block to the increase of the price. Given the current situations, speculators are probably not happy with this little profit. Euro could only be stable after the financial crisis in Europe be eased. This might take a few years and Euro might be trading low for these years. It seems like I could take a cheap trip to Europe.
Next would be the movements of stock markets. HSI broke the previous low today but regained and closed at a higher point 19545.83. Would it be a great support to HSI and push the index upwards? Probably not. We can see that the index is moving with the lower Bollinger for few days. It is resisted by the red strong trend line.
The support area would be 18800 - 19500. Break of 19400 is only the start. If HSI breaks the area, we could even be more pessimistic and 17000 might be the next one to try to hold the falling index.
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