Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/KRW breaks key support at 1,249 mark, stay bearish

  • EUR/KRW is currently trading around 1,248 mark.
     
  • Pair made intraday high at 1,251 and low at 1,247 levels.
     
  • Intraday bias remains bearish till the time pair holds immediate resistance at 1,255 mark.
     
  • A consistent close below 1,249 will drag the parity down towards key supports around 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
     
  • Alternatively, a sustained close above 1,249 will take the parity higher towards key resistances around 1,255, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
     
  • Seoul shares open down 0.28 pct at 2077.66.

We prefer to take short position in EUR/KRW around 1,250, stop loss at 1,255 and target of 1,230.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.