- EUR/KRW is currently trading around 1,317 mark.
- Pair made intraday high at 1,317 and low at 1,313 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,300 mark.
- A sustained close above 1,313 will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,313 will drag the parity down towards key supports around 1,298, 1,282, 1,277, 1,267, 1,258, 1,246 and 1,234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Seoul shares open down 0.66 pct.
We prefer to take long position on EUR/KRW around 1,315, stop loss at 1,307 and target of 1,327.
