FxWirePro: EUR/KRW breaks key resistance at 1,340 mark, good to buy on dips

• EUR/KRW is currently trading around 1,343 mark.
   
• Pair made intraday high at 1,343 and low at 1,341 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 1,338 mark.
   
• A sustained close above 1,341 will take the parity higher towards key resistances around 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
   
• On the other side, a daily close below 1,341 will drag the parity down towards key supports around 1,334, 1,326, 1,320, 1,313 and 1,302 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 0.14 pct.
   
• South Korea end - Sept foreign exchange reserves at $384.67 bln vs $384.84 bln at end - Aug.

We prefer to take long position on EUR/KRW around 1,341, stop loss at 1,334 and target of 1,352.

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