FxWirePro: EUR/KRW hits fresh 6-month low at 1,224 mark, faces strong support at 1,210
EUR/KRW is currently trading around 1,224 mark. Pair made intraday high at 1,227 and low at 1,224 levels. Intraday bias remains bearish till the time pair holds immediate resistance at 1,235 mark. A consistent close belo…
Pair made intraday high at 1,227 and low at 1,224 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at 1,235 mark.
A consistent close below 1,225 will drag the parity down towards key supports around 1,218, 1,210, 1,203, 1,199 and 1,163 marks respectively.
Alternatively, a sustained close above 1,225 will take the parity higher towards key resistances around 1,235, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open up 0.61 pct at 2085.73.
We prefer to take short position in EUR/KRW only below 1,224, stop loss at 1,235 and target of 1,210.