- EUR/KRW is currently trading around 1,298 mark.
- It made intraday high at 1,301 and low at 1,298 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 1,302 mark.
- A sustained close above 1,302 will take the parity higher towards key resistances around 1,319, 1,327, 1,347 and 1,363 marks respectively.
- On the other side, a daily close below 1,290 will drag the parity down towards key supports around 1,274, 1,265, 1,244, 1,212 and 1,200 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- South Korea’s Kospi was trading 0.38 point higher at 2,095.97.
- South Korea’s CPI y/y stands at 0.2 vs 0.0 previous release (expected 0.5).
- South Korea’s manufacturing PMI stands at 49.4 vs 48.4 previous release (expected 48.9).
We prefer to take short position on EUR/KRW around 1,298, stop loss at 1,304 and target of 1,290/1,274.


FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY gains some ground but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: AUD/USD downside pressure builds, key support level in focus
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Major European Indices 



