by Johan Kriek (jkriek@fxinstructor.com)

Key events:

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4900

Bullish Probability above: 1.4900

Significant resistance: 1.4900

Significant support:1.4824, 1.4766

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6536

Bullish Probability above: 1.6536

Significant resistance: 1.6536, 1.6630

Significant support:1.6290

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9225

Bullish Probability above: 0.9225

Significant resistance: 0.9225, 0.9280

Significant support:0.9036

Direction of  Highest Probability: BULLISH

60 minute trend support: 88.94

Bearish Probability below: 88.94

Significant support: 88.94, 84.76

Significant resistance:89.30, 90.30

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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