In the meantime, large clusters of buy and sell orders appeared to be gone. There were noteworthy sell orders at 1.9900 and buy orders at 1.6200 and 1.5100.
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 23.
There are orders to sell almost 350 coins at 1.9900. In addition, note that there are orders to sell 100 coins at 2.0000, 2.0100 and 2.0400.
Meanwhile, noteworthy buy orders are located at 1.6200. At that level, 150 coins should be bought. Meanwhile, note that orders for 100 coins are at 1.5500 and 200 coins at 1.5100.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In the case of a move upwards, the pair would need to break the pressure of the sell orders of more than 650 coins before aiming at the late July and August high levels near 2.5000.
On the other hand, a potential decline of the DUK+/EUR exchange rate would look for support in the 1.6200 mark before reaching the 1.5000 level.