by Johan Kriek (jkriek@fxinstructor.com)
Key notes:
*UK inflation figures at 08:30 GMT later today could have a significant impact.
Probability Studies:
Direction of Highest Probability: BULLISH
60 minute trend support: 1.4717
Bearish Probability below: 1.4717
Significant support: 1.4717
Significant resistance:1.4843
Direction of Highest Probability: BULLISH
60 minute trend support: 1.5850
Bearish Probability below: 1.5850
Significant support: 1.5850
Significant resistance:1.6080
Direction of Highest Probability: BULLISH
60 minute trend support: 90.20
Bearish Probability below: 90.20
Significant support: 90.20
Significant resistance:91.00
Direction of Highest Probability: BULLISH
60 minute trend support: 88.50
Bearish Probability below: 88.50
Significant support: 88.50
Significant resistance:89.70
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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-reserve.php to learn this technique
Enjoy and good luck!
Johan
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