FxWirePro: EUR/KRW consolidates around 1,360 mark, stay long
EUR/KRW is currently trading around 1,361 mark. It made intraday high at 1,361 and low at 1,357 levels. Intraday bias remains bullish till the time pair holds key support at 1,350 mark. A sustained close above 1,373 will…
It made intraday high at 1,361 and low at 1,357 levels.
Intraday bias remains bullish till the time pair holds key support at 1,350 mark.
A sustained close above 1,373 will take the parity higher towards key resistances around 1,377, 1,392, 1,410 and 1,434 marks respectively.
On the other side, a daily close below 1,373 will drag the parity down towards key supports around 1,350, 1,336, 1,311, 1,302, 1,294, 1,287, 1,278 and 1,268 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
South Korea’s Kospi was trading 0.12 pct higher at 1,940.85 points.
We prefer to take long position on EUR/KRW around 1,360, stop loss 1,350 and target of 1,392.
