DislikedSymantics, sure price reflects human behavior. But humans buy at the support level because it's held as support. Well actually humans put buy orders in at support, and computers w/ pre-set buy limit orders do the actual buying, but you get the idea.
Many of the people buying at that point were sellers at the top, so it's more of a conversion of traders to a buying mentality. Still, the end result is the same. Because a large number of orders are placed in a particular area, an area set up by past trading behavior, you get what people call "support...Ignored
One question. What does Laff mean? Are you "laughing" at me? Or is this some cute new internet thing? I googled it and found "Lovers And Friends Forever". I hope this isnt what you are implying...
Headline: USD drops due to news of USD dropping!