FxWirePro: EUR/KRW hits fresh 3 – week low at 1,325 mark, stay short
EUR/KRW is currently trading around 1,327 mark. It made intraday high at 1,333 and low at 1,325 levels. Intraday bias remains bearish till the time pair holds key resistance at 1,377 mark. A sustained close above 1,377 w…
It made intraday high at 1,333 and low at 1,325 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1,377 mark.
A sustained close above 1,377 will take the parity lower towards key resistances around 1,392, 1,400, 1,408 and 1,428 marks respectively.
On the other side, a daily close below 1,328 will drag the parity down towards key supports around 1,318, 1,307, 1,298, 1,274 and 1,265 marks respectively.
Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
South Korea’s kospi was trading 4.62 pct higher at 1,684.22 points.
We prefer to take short position on EUR/KRW around 1,335, stop loss at 1,352 and target of 1,298.
