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- EUR/KRW is currently trading around 1,305 mark.
- It made intraday high at 1,305 and low at 1,302 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,302 mark.
- A sustained close above 1,302 will take the parity higher towards key resistances around 1,315, 1,327 and 1,340 marks respectively.
- On the other side, a daily close below 1,302 will drag the parity down towards key supports around 1,294, 1,287, 1,278, 1,268, 1,257, 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 0.15 pct.
We prefer to take long position on EUR/KRW around 1,302, stop loss 1,294 and target of 1,315.
