FxWirePro: EUR/KRW hits fresh 6-month high at 1,275 mark, sustained close above targets 1,287 mark

• EUR/KRW is currently trading around 1,272 mark.
   
• Pair made intraday high at 1,274 and low at 1,270 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 1,275 marks.
   
• A sustained close above 1,275 will take the parity higher towards key resistances around 1,287 and 1,304 marks respectively.
   
• On the other side, a daily close below 1,275 will drag the parity down towards key supports around 1,268, 1,255, 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 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 0.28 pct at 2364.22.

We prefer to take long position in EUR/KRW around 1,270, stop loss 1,258 and target of 1,287/1,304.

 

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest