by Johan Kriek (jkriek@fxinstructor.com)

Today  is Friday the 13th…. If you are disciplined then the market should not be a nightmare :)

Events:

10:00 GMT Eurozone GDP

13:30 GMT US Trade Balance

15:00 GMT University of Mich. Confidence

Probability Studies:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4924

Bullish Probability above: 1.4924

Significant resistance: 1.5040

Significant support:1.4734

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.6743

Bullish Probability above: 1.6743

Significant resistance: 1.7037

Significant support:1.6571

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9277

Bearish Probability below: 0.9277

Significant support: 0.9093

Significant resistance:0.9290

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 90.30

Bullish Probability above: 90.30

Significant resistance: 90.30, 93.70

Significant support:89.40

___________________________________

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