FxWirePro: EUR/KRW hits fresh 7-month high at 1,312 mark, stay bullish

• EUR/KRW is currently trading around 1,310 mark.
   
• It made intraday high at 1,312 and low at 1,302 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 1,302 mark.
   
• A sustained close above 1,304 will take the parity higher towards key resistances around 1,315, 1,327 and 1,340 marks respectively.
   
• On the other side, a daily close below 1,303 will drag the parity down towards key supports around 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.

We prefer to take long position on EUR/KRW around 1,307, stop loss 1,297 and target of 1,315/1,327.