by Johan Kriek (jkriek@fxinstructor.com)

Key events:

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4675

Bullish Probability above: 1.4675

Significant resistance: 1.4830

Significant support:1.4480

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6340

Bullish Probability above: 1.6340

Significant resistance: 1.6340, 1.6500

Significant support:1.5706

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.9140

Bullish Probability above: 1.9140

Significant resistance: 1.9140, 0.9230

Significant support:0.9050, 0.8916

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 88.55

Bullish Probability above: 88.55

Significant resistance: 88.55, 88.95

Significant support:88.33, 84.78

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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.

Enjoy and good luck!

Johan