by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.3718

Bullish Probability above: 1.3718

Significant resistance: 1.3830

Significant support:1.3450

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5700

Bullish Probability above: 1.5700

Significant resistance: 1.6000

Significant support:1.5100

Direction of  Highest Probability: BULLISH

60 minute trend support: 89.40

Bearish Probability below: 89.40

Significant support: 0.8700

Significant resistance:0.9260

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 91.10

Bullish Probability above: 91.10

Significant resistance: 92.00

Significant support:90.50

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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