by Johan Kriek (jkriek@fxinstructor.com)
Key events:
09:30 GMT UK CPI
13:30 US PPI
14:00 US TIC Flows
Probability Studies:
Direction of Highest Probability: BULLISH
60 minute trend support: 1.4872
Bearish Probability below: 1.4872
Significant support: 1.4872, 1.4745
Significant resistance:1.5048
*Only if price moves above 1.5048 will we have a bullish trading condition
Direction of Highest Probability: BULLISH
60 minute trend support: 1.6775
Bearish Probability below: 1.6775
Significant support: 1.6775, 1.6659
Significant resistance:1.6843
Direction of Highest Probability: BEARISH
60 minute trend resistance: NA
Bullish Probability above: 0.9405
Significant resistance: 0.9405, 0.9373
Significant support:0.9310, 0.9100
Direction of Highest Probability: BEARISH
60 minute trend resistance: 89.37
Bullish Probability above: 89.37
Significant resistance: 89.37, 90.00
Significant support:88.00
___________________________________
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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