EUR/KRW is currently trading around 1,312 mark. It made intraday high at 1,314 and low at 1,312 levels. Intraday bias remains bearish till the time pair holds key resistance at 1,328 mark. A sustained close above 1,328 w…
It made intraday high at 1,314 and low at 1,312 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1,328 mark.
A sustained close above 1,328 will take the parity higher towards key resistances around 1,332, 1,340, 1,358, 1,363, 1,377 and 1,392 marks respectively.
On the other side, a daily close below 1,313 will drag the parity down towards key supports around 1,308, 1,302, 1,294, 1,287, 1,278 and 1,268 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
South Korea’s Kospi was trading 0.12 pct lower at 2,098.55 points.
We prefer to take short position on EUR/KRW around 1,315, stop loss 1,328 and target of 1,308/1,294.
