- 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.
