Trend lines are diagonal lines connecting two or more price points, showing the direction of price movement. Uptrend lines connect rising lows, while downtrend lines connect falling highs. They act as dynamic support/resistance.
Drawing a line connecting the rising lows in EUR/USD creates an uptrend line. Price often bounces off this line, providing buying opportunities.
A support level is a price point where a currency pair tends to find buying interest and bounce high...
A resistance level is a price point where a currency pair tends to find selling pressure and reverse...
A breakout occurs when price moves decisively beyond a support or resistance level, often with incre...