Horizontal levels are areas of price instability, they are places where almost every trader on the planet will be watching. There will be people who believe the level will hold and people who think it will break. There will also be people who will wait to see what happens. Other will take profits if the have been in a trade some will exit if price break this level.
How price reacts to these levels can give us clues to who is dominant bulls or bears.
speaking of horizontal levels-
look at this nice eur/usd 5min
How price reacts to these levels can give us clues to who is dominant bulls or bears.
speaking of horizontal levels-
look at this nice eur/usd 5min