FxWirePro: EUR/KRW hits fresh 2-month high at 1,317 mark, bias turns bullish again
EUR/KRW is currently trading around 1,317 mark. Pair made intraday high at 1,317 and low at 1,313 levels. Intraday bias remains bullish till the time pair holds key support at 1,300 mark. A sustained close above 1,313 wi…
Pair made intraday high at 1,317 and low at 1,313 levels.
Intraday bias remains bullish till the time pair holds key support at 1,300 mark.
A sustained close above 1,313 will take the parity higher towards key resistances around 1,327, 1,338, 1,358 and 1,380 marks respectively.
On the other side, a daily close below 1,313 will drag the parity down towards key supports around 1,298, 1,282, 1,277, 1,267, 1,258, 1,246 and 1,234 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 0.66 pct.
We prefer to take long position on EUR/KRW around 1,315, stop loss at 1,307 and target of 1,327.
