Support is a price level where buying tends to halt a fall; resistance is where selling tends to halt a rise. These levels form because traders remember them and act around them. They are among the most-watched tools for planning entries, exits, and stop placement.
Forex Term
Support and Resistance
Price levels where a move tends to stall or reverse.
Example
If a pair bounces off 1.1000 several times, that level is acting as support.
Related Terms
Recommended Brokers
Pepperstone
Best for Copy Trading
Visit Pepperstone
Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.