EUR/KRW is currently trading around 1,325 mark. Pair made intraday high at 1,328 and low at 1,323 levels. Intraday bias remains bullish till the time pair holds key support at 1,320 mark. A sustained close above 1,323 wi…
Pair made intraday high at 1,328 and low at 1,323 levels.
Intraday bias remains bullish till the time pair holds key support at 1,320 mark.
A sustained close above 1,323 will take the parity higher towards key resistances around 1,338, 1,358 and 1,380 marks respectively.
On the other side, a daily close below 1,323 will drag the parity down towards key supports around 1,311, 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 0.17 pct.
We prefer to take long position on EUR/KRW around 1,322, stop loss at 1,315 and target of 1,338.
