DUK+/EUR touches new low level

Source: Dukascopy Bank SA
On September 7, the decline of the DUK+/EUR currency exchange rate reached a new low, as the asking price touched the 1.5200 level. Although, after touching the low level, the rate returned to the sell orders that are spread out from 1.9000 to 2.0500.

In the meantime, traders and holders should take into account the large amount of buy orders that are located from 1.4400 to 1.0000.

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 7.

In regards to sell orders, notable orders start at 1.9000, where 233.42 coins are set to be sold. Above, there are orders to sell almost 750 coins at 1.9300. Meanwhile, more than 850 coins could be sold for 2.0400 or 2.0500.

On the other hand, there are bid orders for 135 coins at 1.4900. Below that, starting from 1.4400 level down to the 1.0000 level there are orders to buy at least 100 coins at each price level.
© Dukascopy Bank SA

© Dukascopy Bank SA


Future outlook
If the pair surges, it would have to pass the sell orders at 1.9000 and 1.9300 before making an attempt to reach above the 2.0400 and 2.0500 levels.

In the case of a decline, the DUK+/EUR pair would reach for the 1.4900 mark first. A passing below the 1.4900 mark could find support in the 1.4400 level.

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