- EUR/KRW is currently trading around 1,306 mark.
- Pair made intraday high at 1,309 and low at 1,306 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,299 mark.
- A sustained close above 1,305 will take the parity higher towards key resistances around 1,315, 1,327 and 1,338 marks respectively.
- On the other side, a daily close below 1,305 will drag the parity down towards key supports around 1,294, 1,286, 1,277, 1,267, 1,258, 1,246, 1,234 and 1,222 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 up 0.17 pct.
We prefer to take long position on EUR/KRW around 1,305, stop loss at 1,299 and target of 1,315/1,327.
