FxWirePro: EUR/KRW rejects key support at 1,245, stay bullish
EUR/KRW is currently trading around 1,255 mark. Pair made intraday high at 1,256 and low at 1,249 levels. Intraday bias remains bullish till the time pair holds key support at 1,245 mark. A sustained close above 1,252 wi…
Pair made intraday high at 1,256 and low at 1,249 levels.
Intraday bias remains bullish till the time pair holds key support at 1,245 mark.
A sustained close above 1,252 will take the parity higher towards key resistances around 1,262, 1,268, 1,275, 1,280, 1,287 and 1,301 marks respectively.
On the other side, a consistent close below 1,252 will drag the parity down towards key supports around 1,245, 1,235, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Seoul Kospi shares open up 0.30 pct at 2048.11.
We prefer to go long on EUR/KRW around 1,252 with stop loss at 1,245 and target of 1,262/1,268/1,275.
