by Johan Kriek (jkriek@fxinstructor.com)

Key notes:

*UK inflation figures at 08:30 GMT later today could have a significant impact.

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.4717

Bearish Probability below: 1.4717

Significant support: 1.4717

Significant resistance:1.4843

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.5850

Bearish Probability below: 1.5850

Significant support: 1.5850

Significant resistance:1.6080

Direction of  Highest Probability: BULLISH

60 minute trend support: 90.20

Bearish Probability below: 90.20

Significant support: 90.20

Significant resistance:91.00

Direction of  Highest Probability: BULLISH

60 minute trend support: 88.50

Bearish Probability below: 88.50

Significant support: 88.50

Significant resistance:89.70

___________________________________

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-reserve.php to learn this technique

Enjoy and good luck!

Johan