EUR/KRW is currently trading around 1,268 mark. Pair made intraday high at 1,270 and low at 1,268 levels. Intraday bias remains bullish till the time pair holds key support at 1,265 marks. A sustained close above 1,269 w…
Pair made intraday high at 1,270 and low at 1,268 levels.
Intraday bias remains bullish till the time pair holds key support at 1,265 marks.
A sustained close above 1,269 will take the parity higher towards key resistances around 1,274, 1,287 and 1,304 marks respectively.
On the other side, a daily close below 1,265 will drag the parity down towards key supports around 1,255, 1,247, 1,234, 1,225, 1,218, 1,207, 1,200, 1,194 and 1,189 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 0.46 pct at 2358.28.
We prefer to take long position in EUR/KRW around 1,268, stop loss 1,260 and target of 1,287/1,304.
