A handle in forex refers to the whole number portion of a currency pair’s exchange rate.

What is a handle in forex?

In forex trading, a handle refers to the whole number part of an exchange rate. It is the portion of the exchange rate that is not expressed in decimal points. For example, if the exchange rate between the US Dollar and the Euro is 1.2345, the handle would be 1.

Traders often use handles to refer to exchange rate levels and to discuss potential price movements. Handle levels can act as support or resistance levels in the market and can influence trading decisions.

Example of a handle 

An example of a handle in forex trading could be the EUR/USD exchange rate trading at 1.2000. In this case, the handle would be the whole number 1.2000, while the decimal portion represents the “pips.”

Traders often refer to the handle when discussing price movements or setting trading targets. For instance, if the EUR/USD exchange rate moves from 1.2000 to 1.2100, it is said to have moved 100 pips or one handle higher.

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