- EUR/KRW is currently trading around 1,304 mark.
- Pair made intraday high at 1,305 and low at 1,303 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 1,298 mark.
- A sustained close above 1,304 will take the parity higher towards key resistances around 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
- On the other side, a daily close below 1,304 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 up 0.13 pct.
- Korea, South Aug 2018 unemployment rate increase to 4.2 % vs previous 3.8 %.
- South Korea's Aug unemployed +134,000 yr/yr vs +81,000 yr/yr in July.
- South Korea's Aug employed +3,000 yr/yr vs +5,000 yr/yr in July.
We prefer to take long position on EUR/KRW around 1,304, stop loss at 1,297 and target of 1,315/1,327.
