Meanwhile, various sized clusters of buy and sell orders had appeared close by to the pair. The clusters of sell and buy orders need to be watched by traders to plan out their strategies.
Daily Candle Chart
Market Depth
Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com. Below, one can observe the market orders on August 30.
In regards to sell orders, notable orders start at 2.0500 where 320 coins should be sold. Additional 320 coins could be sold at 2.0700.
Moreover, 350 coins are set to be sold at 2.1400. In addition, a cluster of more than 500 coins is spread out from 2.1600 to 2.2200.
On the other hand, notable bids start at 1.6300, where 100 coins could be bought. At 1.6000, additional 100 coins are set to be bought up. Below these levels, a minor wall of buy orders starts at 1.5300. At each level starting from there, there are orders to buy at least 100 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
If the pair surges, it would need to pass the 2.0500 and 2.0700 sell orders before making an attempt to pass the cluster of sell orders from 2.1400 up to 2.2200
In the case of a decline, the DUK+/EUR pair would reach for the 1.6300 and 1.6000 levels. In the case of the 1.6300 and 1.6000 failing to hold, the rate could aim at the 1.5300 level.