The Importance of Yearly Open / Close
As you see, yearly open (usually its the same as yearly close) is crucial for determining the price bias during the year.
For euro to continue bullish, it needs to close ABOVE yearly open on weekly. But even if it does, there will be struggle at this level.
Then, as you see, yearly pivots usually serve as yearly tops and bottoms.
We saw price reversal at yearly pivot this year. Also during previous years price always stops or reverses at yearly pivots. Watch them!
Keep an eye on yearly opens!
For educational purposes only.
For euro to continue bullish, it needs to close ABOVE yearly open on weekly. But even if it does, there will be struggle at this level.
Then, as you see, yearly pivots usually serve as yearly tops and bottoms.
We saw price reversal at yearly pivot this year. Also during previous years price always stops or reverses at yearly pivots. Watch them!
Keep an eye on yearly opens!
For educational purposes only.
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