EURUSD: DeMarker Bearish Signal

EURUSD, H2

On the H2, EURUSD breaks below the crucial support zone, aligned with the 38.2 Fibonacci ratio. The Parabolic SAR indicator points dots above the price, and the DeMarker oscillator crosses the 0.700 line from above, indicating a bearish sentiment.

Trade: Sell EURUSD
TP: 1.0730.

Conclusion

In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Timur Yurdagyul

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