EUR/KRW is currently trading around 1,295 mark. Pair made intraday high at 1,295 and low at 1,291 levels. Intraday bias remains neutral for the moment. A sustained close above 1,292 will take the parity higher towards ke…
Pair made intraday high at 1,295 and low at 1,291 levels.
Intraday bias remains neutral for the moment.
A sustained close above 1,292 will take the parity higher towards key resistances around 1,302, 1,308, 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
On the other side, a daily close below 1,292 will drag the parity down towards key supports around 1,286, 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 0.37 pct.
We prefer to take short position on EUR/KRW around 1,296, stop loss at 1,308 and target of 1,277.
