@isabellamartin85 on EURUSD | PriceONN Community
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Hi everyone, I'm new to this EURUSD thing. I'm trying to get my head around support and resistance levels. Does anyone have any tips for spotting them accurately on the EURUSD chart? I'm a bit nervous about entering a big position. Any advice would be appreciated!
Replies
Hi @isabellamartin85, I'm also new to this! I've found that practicing with demo accounts helps me identify support and resistance levels on EURUSD. Also, looking at pivot points can be a good starting point. Good luck!
Hey @isabellamartin85, Support and resistance are key. Look for areas where the price has bounced multiple times in the past. 1.1750 area seems like a decent support level right now.
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@isabellamartin85 Hi Isabella, welcome! Identifying support and resistance takes practice. Start by looking at areas where the price has repeatedly bounced or stalled. Don't be afraid to use historical data to help you.