What is the direction of highest probability today? (30/10/09)

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by Johan Kriek (jkriek@fxinstructor.com)

Key note:

At 10AM GMT we will see Eurozone CPI figures. This could have a “probability changing effect”. Be cautious

Probability Studies:

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.4785

Bearish Probability below: 1.4785

Significant support: 1.4670, 1.4565

Significant resistance:1.5063

Direction of  Highest Probability: BULLISH

60 minute trend support: 1.6495

Bearish Probability below: 1.6495

Significant support: 1.6495, 1.6320

Significant resistance:1.6580, 1.6670

Direction of  Highest Probability: BULLISH

60 minute trend support: 0.9100

Bearish Probability below: 0.9100

Significant support: 0.9100

Significant resistance:0.9160

Direction of  Highest Probability: BEARISH

60 minute trend resistance: 91.30

Bullish Probability above: 91.30

Significant resistance: 91.30

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

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