FxWirePro: EUR/KRW exhibits range bound movement, upside limited
EUR/KRW is currently trading around 1,238 mark. Pair made intraday high at 1,238 and low at 1,233 levels. Intraday bias remains slightly bullish for the moment. A sustained close above 1,242 will take the parity higher t…
Pair made intraday high at 1,238 and low at 1,233 levels.
Intraday bias remains slightly bullish for the moment.
A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.
On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Seoul's Kospi shares open up 0.32 pct at 2044.87.
South Korea’s November PPI growth y/y increases to 0.7 % vs previous -0.1 % (revised from -0.2 %).
South Korea’s November PPI growth increases to 0.4 % vs previous 0.3 % (revised from 0.2 %).
We prefer to go short on EUR/KRW around 1,240 with stop loss at 1,246 and target of 1,230/1,222.
