FxWirePro: EUR/KRW opens gap down at 1,284 mark, consistent close below targets 1,258 mark
EUR/KRW is currently trading around 1,286 mark. Pair made intraday high at 1,287 and low at 1,284 levels. Intraday bias remains neutral till the time pair holds key support at 1,284 mark. A sustained close above 1,287 wi…
Pair made intraday high at 1,287 and low at 1,284 levels.
Intraday bias remains neutral till the time pair holds key support at 1,284 mark.
A sustained close above 1,287 will take the parity higher towards key resistances around 1,302, 1,308, 1,315, 1,327, 1,338, 1,358 and 1,380 marks respectively.
On the other side, a daily close below 1,284 will drag the parity down towards key supports around 1,277, 1,267, 1,258, 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 down 0.72 pct.
We prefer to take short position on EUR/KRW only below 1,284, stop loss at 1,298 and target of 1,277/1,258.
