by Johan Kriek (jkriek@fxinstructor.com)

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4812

Bullish Probability above: 1.4812

Significant resistance: 1.4812

Significant support:1.4718, 1.4665, 1.4565

Direction of  Highest Probability: No trade zone – wait for break

Bearish Probability below: 1.6340

Bullish Probability above: 1.6500

Significant resistance: 1.6600

Significant support:1.6030

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9080

Bullish Probability above: 0.9080

Significant resistance: 0.9080, 0.9100

Significant support:0.8946

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 90.60

Bullish Probability above: 90.60

Significant resistance: 90.60, 90.85

Significant support:89.45

___________________________________

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