Forex major support and resistance levels
Support occurs when falling prices stop, change direction, and begin to rise. Resistance is a price level where rising prices stop, change direction, and begin to fall. If price breaks support or resistance, the price often continues to the next level of support or resistance.
Support and resistance levels are not always exact; they are usually a zone covering a small range of prices so levels can be breached, or pierced, without necessarily being broken.
Minor resistance or support temporarily delays rising or falling prices within a larger market trend while major resistance or support altogether stops either rising or falling prices and the larger market trend changes direction.
For example, if it the price was previously a support level, it is now a resistance level. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account. Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment.
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Resistance & Support
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