EUR/KRW is currently trading around 1,361 mark. It made intraday high at 1,366 and low at 1,358 levels. Intraday bias remains neutral till the time pair holds key support at 1,336 mark. A sustained close above 1,377 will…
It made intraday high at 1,366 and low at 1,358 levels.
Intraday bias remains neutral till the time pair holds key support at 1,336 mark.
A sustained close above 1,377 will take the parity lower towards key resistances around 1,392, 1,400, 1,408 and 1,428 marks respectively.
On the other side, a daily close below 1,351 will drag the parity down towards key supports around 1,336, 1,318, 1,307, 1,298, 1,274, 1,265, 1,244 and 1,222 marks respectively.
Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
South Korea’s kospi was trading 0.38 pct lower at 1,666.96 points.
We prefer to take short position on EUR/KRW around 1,362, stop loss at 1,390 and target of 1,336/1,318.
