EUR/KRW is currently trading around 1,283 mark. It made intraday high at 1,283 and low at 1,282 levels. Intraday bias remains neutral till the time pair holds key resistance at 1,289 mark. A sustained close above 1,289 w…
It made intraday high at 1,283 and low at 1,282 levels.
Intraday bias remains neutral till the time pair holds key resistance at 1,289 mark.
A sustained close above 1,289 will take the parity higher towards key resistances around 1,294, 1,307, 1,315 and 1,327 marks respectively.
On the other side, a daily close below 1,281 will drag the parity down towards key supports around 1,272, 1,265, 1,257, 1,246 and 1,234 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 up 0.36 pct.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
