FxWirePro: EUR/KRW breaks key resistance at 1,227 mark, stay bullish
EUR/KRW is currently trading around 1,226 mark. Pair made intraday high at 1,228 and low at 1,224 levels. Intraday bias remains slightly bullish till the time pair holds immediate support at 1,221 mark. A consistent clos…
Pair made intraday high at 1,228 and low at 1,224 levels.
Intraday bias remains slightly bullish till the time pair holds immediate support at 1,221 mark.
A consistent close below 1,221 will drag the parity down towards key supports around 1,210, 1,203, 1,199 and 1,163 marks respectively.
Alternatively, a sustained close above 1,221 will take the parity higher towards key resistances around 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open up 0.48 pct 2075.80.
We prefer to take long position in EUR/KRW around 1,125, stop loss at 1,221 and target of 1,242.
