FxWirePro: EUR/KRW hovers around 1,240, sustained close above 1,242 targets 1,255
EUR/KRW is currently trading around 1,239 mark. Pair made intraday high at 1,239 and low at 1,234 levels. Intraday bias remains bullish till the time pair holds immediate support at 1,230 mark. A sustained close above 1,…
Pair made intraday high at 1,239 and low at 1,234 levels.
Intraday bias remains bullish till the time pair holds immediate support at 1,230 mark.
A sustained close above 1,242 will take the parity higher towards key resistance around 1,255, 1,260, 1,269 and 1,272 marks respectively.
On the other side, a consistent close below 1,230 will drag the parity down towards key supports around 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Seoul's Kospi shares open down 0.14 pct at 2039.40.
We prefer to go long on EUR/KRW only above 1,242 with stop loss at 1,230 and target of 1,255/1,260.
