HSBC: Technical Analysis: EUR-USD kicks off next big wave down

EUR-USD is about to fall very hard. A third wave down is just starting that should take the market below 1.30 in coming weeks. The US stock market has resisted at the old head and shoulders neckline and Gold is building momentum for a collapse.
The next Short Cycle Report will be published on November 8.

Click here to read the full report:

http://www.easyforexnews.net/wp-content/uploads/2011/11/312306.pdf

 

HSBC Global Research