Support and resistance levels are essential tools in Forex trading, helping traders identify potential points where the market might pause or reverse. Support represents a level where falling prices may find buying interest, while resistance is where rising prices may face selling pressure. Key strategies include trading the bounce off these levels or the break through them. It’s important to view these levels as zones rather than exact numbers, and to consider trend lines and psychological levels for a more comprehensive analysis. Mastering support and resistance can significantly enhance your trading decisions, but remember to use them as flexible guides in a constantly changing market.