by Johan Kriek (jkriek@fxinstructor.com)

Dollar strength across the board but as we know, the market does not move in a straight line so watch out for volatility

Only the GBP is the reluctant one as the probability has just turned North

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 1.4670

Bullish Probability above: 1.4670

Significant resistance: 1.4670

Significant support:1.4571

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.5830 – ESTIMATED

Bearish Probability below: 1.5770

Significant support: 1.5770, 1.5800

Significant resistance:1.6000

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 0.8700

Bullish Probability above: 0.8700

Significant resistance: 0.8700

Significant support:0.8590

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 90.50

Bullish Probability above: 90.50

Significant resistance: 90.50

Significant support:88.20

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