FxWirePro: EUR/KRW back below 1,320 mark, bias remains slightly bearish
EUR/KRW is currently trading around 1,317 mark. Pair made intraday high at 1,319 and low at 1,316 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 1,320 mark. A sustained close ab…
Pair made intraday high at 1,319 and low at 1,316 levels.
Intraday bias remains slightly bearish till the time pair holds key resistance at 1,320 mark.
A sustained close above 1,314 will take the parity higher towards key resistances around 1,320, 1,327, 1,338, 1,358 and 1,380 marks respectively.
On the other side, a daily close below 1,314 will drag the parity down towards key supports around 1,305, 1,294, 1,286, 1,277, 1,267, 1,258, 1,246, 1,234 and 1,222 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 0.18 pct.
We prefer to take short position on EUR/KRW only below 1,315, stop loss at 1,320 and target of 1,305.
