How traders use support
Support is an area, not an exact line. Traders watch support to plan buy entries or to place stop losses just below it. When support breaks decisively, it often becomes resistance.
Forex glossary
What Is Support in Forex Trading?
Definition
A price area where falling prices have repeatedly stopped and turned higher, because buyers tended to step in there.
Updated
SaveRelated terms
- Resistance
- A price area where rising prices have repeatedly stalled and turned lower, because sellers tended to appear there.