Today's cable

[Dave1971]

I am fairly new to cable having followed EUR/USD for some time. To me it looks as though it is gearing up for an upside break of an eight hour downward trend.

I would welcome the views of more experienced cable traders.

Thanks

Dave

 

[Buk]

it's certainly consolidating at an area of support (185/95).....you now have your levels for possible downside continuation (80), for adding into a current short, and an upside reversal off the round number.....

the half century/120 & 8050 offering support camps south.....220/60 and the next round number (with a Fib resist) North.