Hi there fellow traders!

Please view a video of the EUR’ s direction of highest probability for the european and us session for today:

http://www.youtube.com/watch?v=hsCUg6Vruh0

Just a few notes:

Resistance =1.3980 and 1.4000 (intermediate bearish trendline resistance as discussed in the video)

Support = 1.3450 (Secondary Trnd support)

On the fundamental front I will be watching inflation figures from the Eurozone in the form of the CPI and in the US in the form of PPI. Inflation and inflation expectations determines CB’s monetary policy and lower inflation could spark a WEAKENING in the underlying currency…. Don’t say I didn’t warn you

Enjoy!

Johan Kriek

jkriek@fxinstructor.com