TRADING GLOSSARY
Support and resistance
Support is a price level where falling prices have tended to stop; resistance is where rising prices have tended to stall. Neither is guaranteed to hold.
EXAMPLE
If EURUSD has turned higher near 1.0800 several times, traders may watch that level as support.
RELATED TERMS
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Glossary definitions are general education only and are not investment advice. Risk disclosure