- EUR/KRW is currently trading around 1,284 mark.
- It made intraday high at 1,286 and low at 1,282 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,268 mark.
- A sustained close above 1,284 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
- On the other side, a daily close below 1,268 will drag the parity down towards key supports around 1,257, 1,246 and 1,234 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 0.44 pct.
- Korea, South Dec 2018 unemployment rate stays flat at 3.8 % vs previous 3.8 %.
We prefer to take long position on EUR/KRW only above 1,290, stop loss at 1,276 and target of 1,307.
