FxWirePro: EUR/KRW fails to fall below 1,307 mark, good to buy on dips
EUR/KRW is currently trading around 1,313 mark. Pair made intraday high at 1,316 and low at 1,313 levels. Intraday bias remains neutral till the time pair holds key resistance at 1,315 marks. A sustained close above 1,31…
Pair made intraday high at 1,316 and low at 1,313 levels.
Intraday bias remains neutral till the time pair holds key resistance at 1,315 marks.
A sustained close above 1,315 will take the parity higher towards key resistances around 1,321, 1,338, 1,351 and 1,377 marks respectively.
On the other side, a daily close below 1,315 will drag the parity down towards key supports around 1,307, 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 down 0.02 pct.
South Korea June unemployment rate increase to 3.8 % vs previous 3.6 %.
We prefer to take long position on EUR/KRW only above 1,315, stop loss at 1,307 and target of 1,338/1,346.
