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
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