A support level is a price at which an asset may struggle to fall as traders look to buy around that level.
Typically, markets are unwilling to allow an asset to fall below its support level, with buyers stepping in to raise the asset's price. As a result, they are the inverse of resistance levels: the point at which markets refuse to allow an asset's price to rise any further.
If an asset falls below its support level, it is either wiped out (and a new support level must be identified) or reconfirmed (if many traders buy the asset).

A support level is a significant area on a forex chart where the price of a currency pair may stop declining because of increased buying interest. Traders often identify support by examining previous lows or areas where the price has repeatedly reversed upward. These levels indicate that buyers may be willing to enter the market when prices reach a particular zone.

Support levels are widely used in technical analysis to help traders plan potential buy trades and manage risk. A trader may wait for the price to reach support and then look for additional confirmation, such as a bullish candlestick formation or a change in momentum.

However, support does not guarantee that the market will reverse. Economic announcements, unexpected news, or strong selling pressure can cause the price to break through the level. When a support area is decisively broken, it may later become a resistance zone. Therefore, traders should combine support analysis with proper risk management and other technical tools.