Charting & Price Action
Beginner
Support
A price level where buyers historically step in and stop further declines.
Definition
Support is created by clusters of buy orders at psychologically or technically significant prices. The more times a level has held, the stronger it’s considered — until it breaks.
Broken support often flips to resistance on retest.
Example
EUR/USD has bounced from 1.0700 four times in three months. That's strong support — break of 1.0700 is a major bearish signal.