by Johan Kriek (jkriek@fxinstructor.com)

UK inflation and the ZEW economic sentiment figures from Germany could have an impact later

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.4735

Bearish Probability below: 1.4735

Significant support: 1.4735, 1.4500

Significant resistance:1.4812

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5787

Bullish Probability above: 1.5900

Significant resistance: 1.5900

Significant support:1.5720

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9060

Bearish Probability below: 0.9060

Significant support: 0.9060

Significant resistance:0.9094

Direction of  Highest Probability: BULLISH

60 minute trend support: 89.82

Bearish Probability below: 89.82

Significant support: 89.82

Significant resistance:90.23

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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-reserve.php to learn this technique

Enjoy and good luck!

Johan