FxWirePro: EUR/KRW hovers around key support at 1,232 mark, sustained close below targets 1,222
EUR/KRW is currently trading around 1,234 mark. Pair made intraday high at 1,236 and low at 1,232 levels. Intraday bias remains bearish till the time pair holds immediate resistance at 1,238 mark. A sustained close above…
Pair made intraday high at 1,236 and low at 1,232 levels.
Intraday bias remains bearish till the time pair holds immediate resistance at 1,238 mark.
A sustained close above 1,232 will take the parity higher towards key resistance around 1,238, 1,242, 1,252, 1,260, 1,269 and 1,272 marks respectively.
Key supports are seen at 1,232, 1,227, 1,222 and 1,210 marks respectively.
Seoul shares open up 0.36 pct at 2031.22.
We prefer to go short on EUR/KRW only below 1,232, with stop loss at 1,242 and target of 1,222/1,210.