Visit this site http://www.theforexguy.com/how-to-draw-support-and-resistance/ for more information on Forex support and resistance. Forex support and resistance are absolutely critical to making money in the forex. Without support and resistance, you have no boundaries that make sense. In essence, you would see what appeared to be random prices reversing direction for unknown reasons. While support and resistance don't necessarily give you the reasons, they do identify critical areas for every currency pair.
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