FxWirePro: EUR/KRW consolidates around 1,250 mark, bias remains neutral
EUR/KRW is currently trading around 1,250 mark. Pair made intraday high at 1,253 and low at 1,249 levels. Intraday bias remains neutral till the time pair holds immediate resistance at 1,253 mark. A consistent close belo…
Pair made intraday high at 1,253 and low at 1,249 levels.
Intraday bias remains neutral till the time pair holds immediate resistance at 1,253 mark.
A consistent close below 1,250 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 1,250 will take the parity higher towards key resistances around 1,257, 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open down 0.35 pct at 2065.54.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
