Meanwhile, the rate was approaching the resistance line of the channel down pattern, which had guided the rate's decline since late July.
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 September 30.
In regards to sell orders, there more than 500 coins could be sold in the 1.6900/1.7100 range. In addition, notable sell orders are located near 1.7400/1.7600 and 1.8800/1.9400.
On the other hand, there are orders to buy almost 100 coins at each price level starting from 1.4900. Meanwhile, almost five hundred coins could be bought up at 1.4000 and 1.3000.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
If the pair surges, it would have to pass the sell orders at 1.6900 and 1.7400. Afterwards the 1.8900 mark could be aimed at. However, note that the channel down pattern's resistance line could provide some technical resistance.
In the case of a decline, the DUK+/EUR pair would reach for the 1.5400 mark first. A passing below the 1.4500 mark could find support either at 1.4000 or 1.3500.