by Johan Kriek (jkriek@fxinstructor.com)

Key events today:

09:30      GMT    PMI Construction

10:00      GMT    Euro-Zone PPI (YoY)

13:15       GMT    ADP Employment Change

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.5071

Bearish Probability below: 1.5071

Significant support: 1.5071, 1.4885

Significant resistance:1.5110

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6505

Bearish Probability below: 1.6505

Significant support: 1.6505, 1.6278

Significant resistance:1.6635

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9237

Bearish Probability below: 0.9238

Significant support: 0.9238, 0.8972

Significant resistance:0.9283

Direction of  Highest Probability: BULLISH

60 minute trend support: 86.93

Bearish Probability below: 86.93

Significant support: 86.93, 84.78

Significant resistance:89.35

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This analysis has been based on the Probability Study Technique which is derived from the Dow Theory

Also note that a “trading condition” does not constitute a trading signal, but rather a context to execute your own trading system within.

For more about the Probability Study Technique, please visit forums.fxinstructor.com or register yourself a seat at

http://www.fxinstructor.com/eng/courses/probability.php to learn this technique or to book a free Level 1 class

Enjoy and good luck!

Johan