Technical: EURUSD Future Direction Hinges on Yearly Open

EURUSD closed below a significant level on Friday. The 1.0700 level is the former range high from December to early January and the October trend line. That makes 1.0700 a significant area of confluence for the euro. But the 2023 opening price is what makes the level even more influential. The EURUSD opened the year at 1.0704 on January 2nd, which makes ...     Alert Feb 13, 2023, 11:51pm Technical: EURUSD Future Direction Hinges on Yearly Open EURUSD closed below a significant level on Friday. The 1.0700 level is the former range high from December to early January and the October trend line. That makes 1.0700 a significant area of confluence for the euro. But the 2023 opening price is what makes the level even more influential. The EURUSD opened the year at 1.0704 on January 2nd, which makes ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support