Daily Pivot Levels and Support/Resistance
Wednesday, February 24th, 2010 at 1:24 PM
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You can see what the Daily Pivot levels are by visiting here (Look at the DAILY figures) These levels are based on the previous days price activity and are commonly used by Forex Traders as possible levels of Support and Resistance. The other levels used are basically the previous highs and lows – places where the supply was overcome by demand (and vice-versa).