by Johan Kriek (jkriek@fxinstructor.com)

Key events today:

ECB Rate decision @ 12:45 GMT

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5100

Bullish Probability above: 1.5100

Significant resistance: 1.5100, 1.5110

Significant support:1.4900

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6583

Bearish Probability below: 1.6583

Significant support: 1.6583, 1.6300

Significant resistance:1.6747

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9270

Bearish Probability below: 0.9258

Significant support: 0.9258

Significant resistance:0.9403

Direction of  Highest Probability: BULLISH

60 minute trend support: 87.53

Bearish Probability below: 89.53

Significant support: 87.53, 84.78

Significant resistance:89.45

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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