Definitive Break In the EUR

There is no need to guess or wiggle your trendline, the EUR/USD has absolutely broken its long-standing trendline which has been the principle reason support the whole year 2009 rally. It's disconcerting that the stocks are not breaking down at anything like this rate--the uptrend is nice, but I'm sure it will catch up in due time.

I'm more bearish on the impact to US market other than Singapore and other asian markets such as SSE and HKSE. If funds are flowing into Asia, then it's logical they-the "ang mo" market will down and we will up right? But since everyone is looking at US market for the sign of economic recovery, and the closely intermarket corelation, it's impossible for our tiny Singapore market stay outside. So my question left is to which extent we will be affected.