EUR/KRW is currently trading around 1,222 mark. Pair made intraday high at 1,222 and low at 1,219 levels. Intraday bias remains neutral till the time pair holds key support at 1,220 mark. A daily close below 1,220 will d…
Pair made intraday high at 1,222 and low at 1,219 levels.
Intraday bias remains neutral till the time pair holds key support at 1,220 mark.
A daily close below 1,220 will drag the parity down towards key supports around 1,207, 1,199, 1,191, 1,184, 1,178 and 1,163 marks respectively.
Alternatively, a sustained close above 1,220 will take the parity higher towards key resistances around 1,228, 1,233, 1,242, 1,252, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open down 0.03 pct at 2080.77.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in EUR/KRW only below 1,220, stop loss at 1,230 and target of 1,201.
