by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4525

Bullish Probability above: 1.4556

Significant resistance: 1.4556

Significant support:1.4300

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6170

Bullish Probability above: 1.6170

Significant resistance: 1.6170, 1.6311

Significant support:1.5880

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.9311

Bullish Probability above: 0.9311

Significant resistance: 0.9311, 0.9404

Significant support:0.9210

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 92.50

Bullish Probability above: 92.60

Significant resistance: 92.60, 9350

Significant support:91.23

___________________________________

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