by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.3725

Bearish Probability below: 1.3725

Significant support: 1.3500

Significant resistance:1.3815

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5870

Bullish Probability above: 1.5870

Significant resistance: 1.6080

Significant support:1.5100

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.8780

Bullish Probability above: 0.8780

Significant resistance: 0.8825

Significant support:0.8200

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 89.90

Bullish Probability above: 89.90

Significant resistance: 90.35

Significant support:84.80

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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