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FxWirePro: EUR/KRW hovers around key resistance at 1,256 mark, sustained close above targets 1,268

EUR/KRW is currently trading around 1,256 mark. Pair made intraday high at 1,256 and low at 1,251 levels. Intraday bias remains bullish till the time pair holds immediate support at 1,245 mark. A consistent close below 1…

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FxWirePro: EUR/KRW hovers around key resistance at 1,256 mark, sustained close above targets 1,268
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  • EUR/KRW is currently trading around 1,256 mark.
     
  • Pair made intraday high at 1,256 and low at 1,251 levels.
     
  • Intraday bias remains bullish till the time pair holds immediate support at 1,245 mark.
     
  • A consistent close below 1,245 will drag the parity down towards key supports around 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
     
  • Alternatively, a sustained close above 1,256 will take the parity higher towards key resistances around 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
     
  • Seoul shares open up 0.16 pct at 2067.52.

We prefer to take long position on EUR/KRW around 1,255, stop loss at 1,245 and target of 1,268/1,272.

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