by Johan Kriek (jkriek@fxinstructor.com)

Key events today:

UK PPI @ 09:30 GMT

US Retail Sales @ 13:30 GMT

U. of Michigan Confidence @ 15:00 GMT

Probability Studies:

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 1.4780

Bullish Probability above: 1.4870

Significant resistance: 1.4780, 1.4870, 1.5130

Significant support:1.4625

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 1.6430

Bullish Probability above: 1.6430

Significant resistance: 1.6430, 1.6550

Significant support:1.6236

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Direction of Highest Probability: BEARISH

60 minute trend resistance: 0.9195

Bullish Probability above: 0.9195

Significant resistance: 0.9195, 0.9270

Significant support:0.9058

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Direction of Highest Probability: BULLISH

60 minute trend support: 88.25

Bearish Probability below: 88.25

Significant support: 88.25, 84.78

Significant resistance:90.10

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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

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