Support is a price area where repeated selling pressure has previously slowed or reversed a fall. It is an area rather than a single line, and its strength is only a description of what already happened there. Price passing through a support area does not by itself prove anything about where the market goes next.
Forex glossary
Support
Related term
Resistance
Resistance is a price area where buying has previously been met by enough selling to stop or reverse a rise. Like support it is drawn as a zone, because the exa…
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