by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.3610

Bearish Probability below: 1.3610

Significant support: 1.3440

Significant resistance:1.3750

Direction of  Highest Probability: BULLISH

60 minute trend support: N/A

Bearish Probability below: 1.4800

Significant support: 1.4800

Significant resistance:1.5270

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9140

Bearish Probability below: 0.9140

Significant support: 0.9080

Significant resistance: 0.9250

Direction of  Highest Probability: N/A, wedge needs to fail or break to downside

Bullish Probability above: 91.00

Bearish Probability below: 90.50

Significant support: 91.30

Significant resistance: 88.10

___________________________________

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