by Johan Kriek (jkriek@fxinstructor.com)

Probabilities:

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.3710

Bullish Probability above: 1.3710

Significant resistance: 1.3810

Significant support:1.3450

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.5730

Bullish Probability above: 1.5730

Significant resistance: 1.5900

Significant support:1.5100

Direction of  Highest Probability: BEARISH

60 minute trend resistance: not defined yet

Bullish Probability above: 0.9070

Significant resistance: 0.9070

Significant support:0.8580

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 90.50

Bullish Probability above: 91.00

Significant resistance: 91.50

Significant support:84.80

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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