FxWirePro: EUR/KRW consolidates around 1,305 mark, stay bullish only above 1,311

• EUR/KRW is currently trading around 1,303 mark.
   
• Pair made intraday high at 1,307 and low at 1,303 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1,311 marks.
   
• A sustained close above 1,311 will take the parity higher towards key resistances around 1,338, 1,351 and 1,377 marks respectively.
   
• On the other side, a daily close below 1,303 will drag the parity down towards key supports around 1,292, 1,277, 1,265, 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 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 0.08 pct.

We prefer to take long position on EUR/KRW only above 1,311, stop loss at 1,293 and target of 1,338.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest