- EUR/KRW is currently trading around 1,304 mark.
- Pair made intraday high at 1,304 and low at 1,302 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 1,305 mark.
- A sustained close above 1,304 will take the parity higher towards key resistances around 1,313, 1,327, 1,338, 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,304 will drag the parity down towards key supports around 1,299, 1,289, 1,277, 1,268 and 1,253 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Seoul shares open up 0.21 pct.
- South Korea Oct export price growth y/y decrease to 8 % vs previous 11.2 % (revised from 10.9 %).
- South Korea Oct import price growth y/y decrease to 6.8 % vs previous 10.8 % (revised from 10.7 %).
We prefer to take long position on EUR/KRW only above 1,305, stop loss at 1,298 and target of 1,313/1,327.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD nurses losses in subdued trading
FxWirePro: EUR/ NZD recovers some ground but bears are not done yet
FxWirePro: USD/ZAR slips as rand gains on peace talk hopes
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ JPY remains buoyant, looks to extend gains
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD tight ranges prevail as market waits for fresh catalyst
FxWirePro: EUR/ NZD under pressure after early buying dries up
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
FxWirePro-Major European Indices
Euro Stabilizes Near 1.1713 as IFO Weakness Meets Oil Volatility; 1.1800 in Focus
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro: GBP/USD gains on upbeat UK retail sales data
Bitcoin Flat Near 77k as US-Iran Tensions Escalate; ETF Inflows Near $1B for the Week
GBPJPY Rises on Solid UK Data: Dip-Buy Setup at 214.6 Eyes 217 



