Thursday, October 15, 2026

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FxWirePro: EUR/KRW hovers around 1,300 mark, consistent close below requires for downside rally

EUR/KRW is currently trading around 1,301 mark. It made intraday high at 1,301 and low at 1,300 levels. Intraday bias remains neutral till the time pair holds key support at 1,299 mark. A sustained close above 1,307 will…

By FxWirePro Team
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FxWirePro: EUR/KRW hovers around 1,300 mark, consistent close below requires for downside rally
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  • EUR/KRW is currently trading around 1,301 mark.
     
  • It made intraday high at 1,301 and low at 1,300 levels.
     
  • Intraday bias remains neutral till the time pair holds key support at 1,299 mark.
     
  • A sustained close above 1,307 will take the parity higher towards key resistances around 1,323, 1,347 and 1,363 marks respectively.
     
  • On the other side, a daily close below 1,299 will drag the parity down towards key supports around 1,290, 1,274, 1,265 and 1,244 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 0.63 point higher at 2,181.16.

We prefer to take short position on EUR/KRW only below 1,299, stop loss at 1,310 and target of 1,274.

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By FxWirePro Team