by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.3682

Bullish Probability above: 1.3682

Significant resistance: 1.3735

Significant support:1.3435

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5570

Bullish Probability above: 1.5570

Significant resistance: 1.6000

Significant support:1.4780

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9020

Bullish Probability above: 0.9090

Significant resistance: 0.9090

Significant support:0.8890

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 88.55

Bullish Probability above: 88.55

Significant resistance: 91.30

Significant support:85.00

___________________________________

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