by Johan Kriek (jkriek@fxinstructor.com)

Key events:

Eursozone CPI @ 10:00 GMT

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4453

Bullish Probability above: 1.4453

Significant resistance: 1.4453, 1.4580

Significant support:1.4270

Direction of  Highest Probability: BEARISH

60 minute trend resistance: Not applicable

Bullish Probability above: 1.6020

Significant resistance: 1.6020

Significant support:1.6422

Direction of  Highest Probability: BULLISH

60 minute trend support: Not applicable

Bearish Probability below: 1.6020

Significant support: 1.6020

Significant resistance:1.6422

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 92.33

Bullish Probability above: 92.33

Significant resistance: 92.40, 93.70

Significant support:91.63

___________________________________

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