According to marketkolor.com. Support and Resistance levels are natural turning points used to determine corrections. Support and Resistance levels are of utmost importance. They are used to determine possible continuation and reversal points. These points assist in forming patterns which aid in forecasting the next move in the price action. EURUSD speaks a short term significant Support/Resistence Zone between 1.0812 and 1.0847. On the immediate term, key levels indicate a significant break through between 1.0812 and 1.0847. While a key long term significant strength S/R Zone is reflected between 1.0812 and 1.0847.
