by Johan Kriek (jkriek@fxinstructor.com)
UK inflation and the ZEW economic sentiment figures from Germany could have an impact later
Probability Studies:
Direction of Highest Probability: BULLISH
60 minute trend support: 1.4735
Bearish Probability below: 1.4735
Significant support: 1.4735, 1.4500
Significant resistance:1.4812
Direction of Highest Probability: BEARISH
60 minute trend resistance: 1.5787
Bullish Probability above: 1.5900
Significant resistance: 1.5900
Significant support:1.5720
Direction of Highest Probability: BULLISH
60 minute trend support: 0.9060
Bearish Probability below: 0.9060
Significant support: 0.9060
Significant resistance:0.9094
Direction of Highest Probability: BULLISH
60 minute trend support: 89.82
Bearish Probability below: 89.82
Significant support: 89.82
Significant resistance:90.23
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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