by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.3925

Bearish Probability below: 1.3885

Significant support: 1.3750

Significant resistance:1.4140

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6130

Bullish Probability above: 1.6130

Significant resistance: 1.6190

Significant support:1.5862

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.8900

Bullish Probability above: 0.8900

Significant resistance: 0.8920

Significant support:0.8731

Direction of  Highest Probability: BULLISH

60 minute trend support: 90.11

Bearish Probability below: 90.11

Significant support: 84.80

Significant resistance:92.30

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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