FxWirePro: EUR/KRW hits fresh 3-month high at 1,315 mark, bias remains bullish
EUR/KRW is currently trading around 1,314 mark. Pair made intraday high at 1,315 and low at 1,305 levels. Intraday bias remains bullish till the time pair holds key support at 1,302 mark. A sustained close above 1,305 wi…
Pair made intraday high at 1,315 and low at 1,305 levels.
Intraday bias remains bullish till the time pair holds key support at 1,302 mark.
A sustained close above 1,305 will take the parity higher towards key resistances around 1,315, 1,327, 1,338 and 1,358 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 down 0.74 pct.
Korea, South June unemployment rate decrease to 3.7 % vs previous 4 %.
We prefer to take long position on EUR/KRW around 1,310, stop loss at 1,299 and target of 1,327.
