However, note that since the last review, the rate has surged to the 1.7100 level instead of remaining below a sell order cluster at 1.6900.
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 October 5.
In regards to sell orders, almost 500 coins could be sold at 1.7100. Above this level, note the cluster of more than 300 sell orders at 1.7300/1.7500. Above these levels, the closest by sell orders were located at 1.8900.
On the other hand, there are orders to buy almost 100 coins at each price level starting from 1.4900. Meanwhile, six hundred coins might be bought at 1.4000.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
If the pair surges, it would have to pass the sell orders at 1.7100 and 1.7300. Afterwards the 1.8900 mark could be aimed at.
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 either at 1.4400 or 1.4000.