FxWirePro: EUR/KRW back above 1,330 mark, good to buy on dips
EUR/KRW is currently trading around 1,331 mark. It made intraday high at 1,333 and low at 1,324 levels. Intraday bias remains bullish till the time pair holds key support at 1,318 mark. A sustained close above 1,330 will…
It made intraday high at 1,333 and low at 1,324 levels.
Intraday bias remains bullish till the time pair holds key support at 1,318 mark.
A sustained close above 1,330 will take the parity higher towards key resistances around 1,337, 1,358, 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
On the other side, a daily close below 1,318 will drag the parity down towards key supports around 1,307, 1,298, 1,274 and 1,265 marks respectively.
Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
South Korea’s kospi was trading 0.66 pct lower at 1,848.27 points.
We prefer to take long position on EUR/KRW around 1,328, stop loss at 1,322 and target of 1,337/1,358.
