FxWirePro: EUR/KRW hovers around 1,340 mark, stay bullish
EUR/KRW is currently trading around 1,339 mark. Pair made intraday high at 1,339 and low at 1,335 levels. Intraday bias remains bullish till the time pair holds key support at 1,323 mark. A sustained close above 1,337 wi…
Pair made intraday high at 1,339 and low at 1,335 levels.
Intraday bias remains bullish till the time pair holds key support at 1,323 mark.
A sustained close above 1,337 will take the parity higher towards key resistances around 1,351, 1,377 and 1,390 marks respectively.
On the other side, a daily close below 1,337 will drag the parity down towards key supports around 1,323, 1,313, 1,302, 1,290, 1,277, 1,265 and 1,247 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Seoul shares open down 0.31 pct.
We prefer to take long position on EUR/KRW around 1,336, stop loss at 1,323 and target of 1,351/1,377.
