by Johan Kriek (jkriek@fxinstructor.com)

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.4345

Bearish Probability below: 1.4345

Significant support: 1.4345, 1.4274

Significant resistance:1.4580

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6135

Bullish Probability above: 1.6135

Significant resistance: 1.6135, 1.6350

Significant support:1.5850

Direction of  Highest Probability: BEARISH

60 minute trend resistance: Not applicable

Bullish Probability above: 0.9173

Significant resistance: 0.9173

Significant support:0.9060

Direction of  Highest Probability: BULLISH

60 minute trend support: 91.74

Bearish Probability below: 91.74

Significant support: 91.45

Significant resistance:93.30

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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