by Johan Kriek (jkriek@fxinstructor.com)

Key events:

UK Trade Balance @ 09:30 GMT

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4810

Bullish Probability above: 1.4850

Significant resistance: 1.4850, 1.4810, 1.4769

Significant support:1.4625, 1.4480

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6456

Bullish Probability above: 1.6456

Significant resistance: 1.6456, 1.6350

Significant support:1.6250, 1.5718

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9165

Bullish Probability above: 0.9165

Significant resistance: 0.9260, 0.9165

Significant support:0.9038

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 88.50

Bullish Probability above: 88.50

Significant resistance: 88.50, 90.38

Significant support:84.78

___________________________________

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