FxWirePro: EUR/KRW hovers around 1,340 mark, bias remains neutral
EUR/KRW is currently trading around 1,339 mark. It made intraday high at 1,341 and low at 1,336 levels. Intraday bias remains neutral till the time pair holds key support at 1,318 mark. A sustained close above 1,340 will…
It made intraday high at 1,341 and low at 1,336 levels.
Intraday bias remains neutral till the time pair holds key support at 1,318 mark.
A sustained close above 1,340 will take the parity lower towards key resistances around 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
On the other side, a daily close below 1,328 will drag the parity down towards key supports around 1,318, 1,307, 1,298, 1,274 and 1,265 marks respectively.
Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
South Korea’s kospi was trading 0.47 pct lower at 1,696.35 points.
We prefer to take long position on EUR/KRW only above 1,342, stop loss at 1,330 and target of 1,377.
