- EUR/KRW is currently trading around 1,261 mark.
- Pair made intraday high at 1,266 and low at 1,261 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1,268 mark.
- A sustained close above 1,266 will take the parity higher towards key resistances around 1,280, 1,294, 1,302, 1,315 and 1,327 marks respectively.
- On the other side, a daily close below 1,266 will drag the parity down towards key supports around 1,353, 1,246, 1,234, 1,222, 1,205 and 1,188 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Seoul shares open up 0.19 pct.
We prefer to take short position on EUR/KRW around 1,263, stop loss at 1,270 and target of 1,253/1,246.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major European Indices
FxWirePro: USD/CAD extends decline on broad dollar weakness
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: GBP/USD bulls remain cautiously optimistic
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro- Major Pair levels and bias summary 



