by Johan Kriek (jkriek@fxinstructor.com)

Key events today:

Eurozone PMI @ 8:00GMT

UK GDP @ 08:30GMT

US Existing Home Sales @ 14:00

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support:1.4970

Bearish Probability below:1.4970

Significant support:1.4970

Significant resistance:1.5060

Direction of  Highest Probability: BEARISH

60 minute trend resistance:1.6656

Bullish Probability above:1.6676

Significant resistance:1.6676, 1.6656

Significant support:1.6600

Direction of  Highest Probability: BEARISH

60 minute trend resistance:0.9285

Bullish Probability above:0.9285

Significant resistance:0.9285

Significant support:0.9227

Direction of  Highest Probability: BULLISH

60 minute trend support:91.40

Bearish Probability below:91.40

Significant support:91.40, 90.35

Significant resistance:95.00

___________________________________

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