FxWirePro: EUR/KRW fails to find support below 1,310 mark, pair touches 1,334 mark in early Asia
EUR/KRW is currently trading around 1,332 mark. It made intraday high at 1,334 and low at 1,326 levels. Intraday bias remains bullish till the time pair holds key support at 1,315 mark. A sustained close above 1,326 will…
It made intraday high at 1,334 and low at 1,326 levels.
Intraday bias remains bullish till the time pair holds key support at 1,315 mark.
A sustained close above 1,326 will take the parity higher towards key resistances around 1,336, 1,357, 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
On the other side, a daily close below 1,315 will drag the parity down towards key supports around 1,307, 1,298, 1,274 and 1,265 marks respectively.
Important to note here that 20D, 30D and 55D EMA down and confirms the bearish trend in a daily chart.
We prefer to take long position on EUR/KRW around 1,328, stop loss at 1,324 and target of 1,357/1,377.
