by Johan Kriek (jkriek@fxinstructor.com)

Key events:

09:30  GMT UK CPI

13:30 US PPI

14:00 US TIC Flows

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.4872

Bearish Probability below: 1.4872

Significant support: 1.4872, 1.4745

Significant resistance:1.5048

*Only if price moves above 1.5048 will we have a bullish trading condition

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6775

Bearish Probability below: 1.6775

Significant support: 1.6775, 1.6659

Significant resistance:1.6843

Direction of  Highest Probability: BEARISH

60 minute trend resistance: NA

Bullish Probability above: 0.9405

Significant resistance: 0.9405, 0.9373

Significant support:0.9310, 0.9100

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 89.37

Bullish Probability above: 89.37

Significant resistance: 89.37, 90.00

Significant support:88.00

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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